Bank of America Corp DE Cuts Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Bank of America Corp DE trimmed its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 32.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 509,544 shares of the company’s stock after selling 243,195 shares during the period. Bank of America Corp DE owned 0.71% of Energizer worth $17,778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ENR. Algert Global LLC acquired a new position in shares of Energizer during the 4th quarter worth about $1,073,000. AXA S.A. increased its stake in Energizer by 3.9% during the 4th quarter. AXA S.A. now owns 159,634 shares of the company’s stock worth $5,570,000 after buying an additional 5,991 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Energizer by 10.7% during the fourth quarter. Northern Trust Corp now owns 795,006 shares of the company’s stock valued at $27,738,000 after acquiring an additional 76,761 shares during the last quarter. Quarry LP raised its holdings in shares of Energizer by 189.1% during the fourth quarter. Quarry LP now owns 3,567 shares of the company’s stock valued at $124,000 after acquiring an additional 2,333 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Energizer in the fourth quarter valued at approximately $942,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ENR has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. Truist Financial dropped their target price on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Barclays raised their price target on shares of Energizer from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, May 16th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, UBS Group cut their price objective on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.63.

Insider Buying and Selling

In other Energizer news, Director Patrick J. Moore purchased 10,000 shares of Energizer stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $23.10 per share, with a total value of $231,000.00. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $346,500. This trade represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Stephen Lavigne acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $21.67 per share, with a total value of $86,680.00. Following the acquisition, the chief executive officer now directly owns 277,645 shares of the company’s stock, valued at approximately $6,016,567.15. This represents a 1.46% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 25,000 shares of company stock valued at $578,140. 0.98% of the stock is currently owned by insiders.

Energizer Price Performance

Energizer stock opened at $23.79 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The company has a 50-day moving average price of $26.87 and a 200 day moving average price of $31.67. Energizer Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $39.52. The stock has a market cap of $1.72 billion, a P/E ratio of 30.11 and a beta of 0.77.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. During the same quarter in the prior year, the business earned $0.72 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Wednesday, May 21st. Energizer’s dividend payout ratio is presently 164.38%.

Energizer Company Profile

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.