Xponance Inc. Trims Stake in Energizer Holdings, Inc. (NYSE:ENR)

Posted by Defense World Staff on Oct 3rd, 2023

Xponance Inc. decreased its position in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 6.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,955 shares of the company’s stock after selling 678 shares during the period. Xponance Inc.’s holdings in Energizer were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENR. BlackRock Inc. boosted its position in shares of Energizer by 1.9% in the 1st quarter. BlackRock Inc. now owns 7,622,813 shares of the company’s stock worth $264,512,000 after purchasing an additional 143,616 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Energizer by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,547,272 shares of the company’s stock worth $189,738,000 after purchasing an additional 195,988 shares in the last quarter. FMR LLC boosted its position in shares of Energizer by 32.1% in the 1st quarter. FMR LLC now owns 6,328,708 shares of the company’s stock worth $219,606,000 after purchasing an additional 1,537,008 shares in the last quarter. State Street Corp boosted its position in shares of Energizer by 1.6% in the 1st quarter. State Street Corp now owns 2,352,943 shares of the company’s stock worth $81,647,000 after purchasing an additional 36,644 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Energizer by 8.8% in the 1st quarter. Geode Capital Management LLC now owns 1,292,129 shares of the company’s stock worth $44,837,000 after purchasing an additional 104,383 shares in the last quarter. Hedge funds and other institutional investors own 83.74% of the company’s stock.

Energizer Trading Down 2.5 %

NYSE:ENR opened at $31.23 on Tuesday. The company has a debt-to-equity ratio of 20.23, a current ratio of 2.16 and a quick ratio of 1.11. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -9.13 and a beta of 1.01. Energizer Holdings, Inc. has a one year low of $25.16 and a one year high of $37.89. The business has a fifty day moving average price of $34.42 and a 200-day moving average price of $33.78.

Energizer (NYSE:ENR – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Energizer had a positive return on equity of 135.74% and a negative net margin of 8.24%. The business had revenue of $699.40 million during the quarter, compared to analysts’ expectations of $743.05 million. During the same quarter in the previous year, the company posted $0.77 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.04 EPS for the current year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.84%. Energizer’s payout ratio is presently -35.09%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ENR shares. Morgan Stanley dropped their price target on Energizer from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 9th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Truist Financial cut Energizer from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $35.00 in a report on Monday, August 28th. Barclays lowered their price target on Energizer from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, July 20th. Finally, JPMorgan Chase & Co. increased their price target on Energizer from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Energizer presently has an average rating of “Hold” and an average target price of $36.00.

View Our Latest Research Report on ENR

Energizer Company Profile

(Free Report)

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.

Institutional Ownership by Quarter for Energizer (NYSE:ENR)

Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.