Hsbc Holdings PLC cut its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 61.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,503 shares of the company’s stock after selling 18,507 shares during the period. Hsbc Holdings PLC’s holdings in Energizer were worth $343,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Energizer by 1.5% during the first quarter. Principal Financial Group Inc. now owns 907,826 shares of the company’s stock valued at $27,162,000 after purchasing an additional 13,453 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Energizer by 17.7% during the 4th quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company’s stock valued at $10,591,000 after acquiring an additional 45,638 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Energizer during the 4th quarter valued at $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Energizer by 18.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company’s stock valued at $5,718,000 after acquiring an additional 25,105 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Energizer by 2,354.4% during the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company’s stock valued at $564,000 after acquiring an additional 18,082 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.
Energizer Trading Up 0.0%
NYSE ENR opened at $28.32 on Thursday. Energizer Holdings, Inc. has a 1-year low of $19.70 and a 1-year high of $39.51. 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 has a market capitalization of $1.93 billion, a PE ratio of 8.16 and a beta of 0.69. The firm’s fifty day simple moving average is $25.03 and its 200-day simple moving average is $25.81.
Energizer Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer’s dividend payout ratio is presently 34.58%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on ENR. Wall Street Zen upgraded Energizer from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Canaccord Genuity Group cut their price objective on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, May 7th. Truist Financial increased their price objective on Energizer from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective on Energizer from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, UBS Group reiterated a “neutral” rating and set a $29.00 price objective (up previously from $23.00) on shares of Energizer in a research report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.43.
Check Out Our Latest Stock Analysis on ENR
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.
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