Cetera Investment Advisers Buys 3,712 Shares of Energizer Holdings, Inc. $ENR

Cetera Investment Advisers increased its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 33.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,974 shares of the company’s stock after buying an additional 3,712 shares during the period. Cetera Investment Advisers’ holdings in Energizer were worth $448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENR. CX Institutional acquired a new position in shares of Energizer in the 1st quarter worth approximately $33,000. Public Employees Retirement System of Ohio acquired a new position in shares of Energizer in the 4th quarter worth approximately $43,000. Curat Global LLC acquired a new position in shares of Energizer in the 1st quarter worth approximately $53,000. Central Pacific Bank Trust Division lifted its position in shares of Energizer by 29.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company’s stock worth $66,000 after purchasing an additional 500 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Energizer by 21.6% in the 4th 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. Institutional investors and hedge funds own 93.74% of the company’s stock.

Analysts Set New Price Targets

ENR has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Energizer from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Canaccord Genuity Group dropped their target price on shares of Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, May 7th. UBS Group reiterated a “neutral” rating and set a $29.00 target price (up previously from $23.00) on shares of Energizer in a research report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Energizer from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Truist Financial boosted their target price on shares of Energizer from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.43.

Energizer Stock Down 2.1%

ENR stock opened at $27.82 on Monday. The company has a current ratio of 1.78, a quick ratio of 0.84 and a debt-to-equity ratio of 17.57. The company’s 50 day moving average is $23.16 and its 200 day moving average is $26.10. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 8.02 and a beta of 0.63. Energizer Holdings, Inc. has a 1-year low of $19.70 and a 1-year high of $39.51.

Energizer (NYSE:ENR) last issued its earnings results on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.52. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The firm had revenue of $725.30 million for the quarter, compared to analysts’ expectations of $692.67 million. During the same quarter last year, the business earned $0.79 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Sell-side analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Energizer’s dividend payout ratio (DPR) is presently 34.58%.

About Energizer

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.