CX Institutional Makes New $33,000 Investment in Energizer Holdings, Inc. (NYSE:ENR)

CX Institutional acquired a new stake in Energizer Holdings, Inc. (NYSE:ENR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,119 shares of the company’s stock, valued at approximately $33,000.

Several other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Energizer during the fourth quarter valued at $43,000. Curat Global LLC acquired a new position in shares of Energizer in the 1st quarter valued at about $53,000. Smartleaf Asset Management LLC lifted its stake in shares of Energizer by 94.0% in 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 period. Central Pacific Bank Trust Division boosted its position in shares of Energizer by 29.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Energizer by 21.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock worth $71,000 after purchasing an additional 360 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Energizer

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ENR. Truist Financial lowered their target price on Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. UBS Group lowered their price objective on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Barclays boosted their target price on shares of Energizer from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, May 16th. Canaccord Genuity Group reduced their price target on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.63.

Energizer Price Performance

Shares of ENR opened at $20.50 on Wednesday. The business’s fifty day moving average is $24.14 and its 200 day moving average is $29.82. Energizer Holdings, Inc. has a 12-month low of $20.40 and a 12-month high of $39.52. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 23.56. The stock has a market cap of $1.48 billion, a P/E ratio of 28.08 and a beta of 0.68.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a return on equity of 184.22% and a net margin of 1.87%. The business had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. During the same quarter in the previous year, the company posted $0.72 EPS. The business’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 fiscal year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.85%. The ex-dividend date was Wednesday, May 21st. Energizer’s dividend payout ratio (DPR) 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.