Vanguard Group Inc. Acquires 170,017 Shares of Energizer Holdings, Inc. $ENR

Vanguard Group Inc. boosted its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,421,993 shares of the company’s stock after acquiring an additional 170,017 shares during the quarter. Vanguard Group Inc. owned 13.05% of Energizer worth $281,906,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional bought a new stake in Energizer during the 1st quarter worth approximately $33,000. Public Employees Retirement System of Ohio bought a new stake in Energizer during the 4th quarter worth approximately $43,000. Curat Global LLC bought a new stake in Energizer during the 1st quarter worth approximately $53,000. Russell Investments Group Ltd. boosted its stake 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 valued at $71,000 after purchasing an additional 360 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake 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 valued at $66,000 after purchasing an additional 500 shares during the last quarter. 93.74% of the stock is owned by institutional investors.

Energizer Stock Down 2.1%

Shares of NYSE ENR opened at $27.82 on Monday. The firm has a market cap of $1.90 billion, a PE ratio of 8.02 and a beta of 0.63. Energizer Holdings, Inc. has a 12-month low of $19.70 and a 12-month high of $39.51. The company’s fifty day simple moving average is $23.16 and its 200 day simple moving average is $26.10. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57.

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 business had revenue of $725.30 million for the quarter, compared to analyst estimates of $692.67 million. During the same period in the prior year, the firm earned $0.79 earnings per share. Energizer’s revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 4.3%. Energizer’s dividend payout ratio is presently 34.58%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Energizer from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Energizer from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Canaccord Genuity Group reduced their price objective on shares of Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, May 7th. Barclays upped their price objective on shares of Energizer from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $29.00 price objective (up from $23.00) on shares of Energizer in a research note on Tuesday, August 5th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Energizer has an average rating of “Hold” and a consensus price target of $31.43.

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.