Teacher Retirement System of Texas Lowers Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Teacher Retirement System of Texas lowered its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 58.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,431 shares of the company’s stock after selling 35,294 shares during the quarter. Teacher Retirement System of Texas’ holdings in Energizer were worth $761,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. North Star Investment Management Corp. increased its holdings in shares of Energizer by 11.0% during the first quarter. North Star Investment Management Corp. now owns 90,600 shares of the company’s stock valued at $2,711,000 after purchasing an additional 9,000 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Energizer during the 1st quarter worth about $1,808,000. CX Institutional acquired a new stake in Energizer during the 1st quarter worth about $33,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Energizer during the 1st quarter worth about $441,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of Energizer by 36.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 50,018 shares of the company’s stock worth $1,497,000 after purchasing an additional 13,325 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Mark Stephen Lavigne acquired 4,000 shares of Energizer stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the transaction, the chief executive officer owned 277,645 shares in the company, valued at $6,016,567.15. This represents a 1.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick J. Moore bought 10,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $23.10 per share, with a total value of $231,000.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $346,500. This represents a 200.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 25,000 shares of company stock worth $578,140. 0.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on ENR shares. Truist Financial decreased their price target on Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group cut their target price on Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, May 7th. UBS Group cut their target price on Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Barclays raised their price target on Energizer from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. decreased their price target on Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research note 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.63.

Energizer Trading Down 3.0%

Energizer stock opened at $22.06 on Tuesday. Energizer Holdings, Inc. has a 52-week low of $19.70 and a 52-week 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 company has a market cap of $1.59 billion, a P/E ratio of 30.22 and a beta of 0.63. The business has a 50-day simple moving average of $22.04 and a two-hundred day simple moving average of $27.77.

Energizer (NYSE:ENR) last released its quarterly earnings data 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). The firm had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. Analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend was Wednesday, May 21st. Energizer’s dividend payout ratio (DPR) is 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.