BNP Paribas Financial Markets Cuts Position in Energizer Holdings, Inc. (NYSE:ENR)

BNP Paribas Financial Markets decreased its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 80.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,873 shares of the company’s stock after selling 45,796 shares during the period. BNP Paribas Financial Markets’ holdings in Energizer were worth $379,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock worth $71,000 after buying an additional 360 shares in the last quarter. R Squared Ltd bought a new position in Energizer during the fourth quarter valued at approximately $82,000. Hager Investment Management Services LLC bought a new position in Energizer during the fourth quarter valued at approximately $102,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Energizer during the fourth quarter worth approximately $112,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insider Buying and Selling

In related news, Director Donal L. Mulligan acquired 10,000 shares of Energizer stock in a transaction on Monday, May 19th. The shares were acquired at an average cost of $23.66 per share, with a total value of $236,600.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $236,600. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Stephen Lavigne acquired 4,000 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average price of $21.67 per share, with a total value of $86,680.00. Following the completion of the acquisition, the chief executive officer now directly owns 277,645 shares in the company, 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. Insiders acquired 25,000 shares of company stock valued at $578,140 over the last quarter. 0.98% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Barclays boosted 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. Canaccord Genuity Group cut their price target on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, May 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Finally, Wall Street Zen lowered Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.63.

Energizer Trading Up 0.4%

Shares of ENR opened at $22.90 on Monday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 28.99 and a beta of 0.77. Energizer Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The firm has a fifty day simple moving average of $26.43 and a two-hundred day simple moving average of $31.45.

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

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.24%. 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.