Energizer Holdings, Inc. (NYSE:ENR) Shares Purchased by Raymond James & Associates

Posted by on Oct 16th, 2023

Raymond James & Associates boosted its position in Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 515,254 shares of the company’s stock after purchasing an additional 74,204 shares during the quarter. Raymond James & Associates owned about 0.72% of Energizer worth $17,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in shares of Energizer in the first quarter valued at about $37,000. Signaturefd LLC raised its holdings in Energizer by 58.1% in the 1st quarter. Signaturefd LLC now owns 1,097 shares of the company’s stock valued at $38,000 after acquiring an additional 403 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in Energizer by 42.4% in the 1st quarter. Belpointe Asset Management LLC now owns 1,836 shares of the company’s stock worth $64,000 after purchasing an additional 547 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Energizer by 107.4% during the 1st quarter. Captrust Financial Advisors now owns 2,014 shares of the company’s stock worth $62,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Energizer by 32.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,939 shares of the company’s stock worth $99,000 after acquiring an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 83.74% of the company’s stock.

Energizer Stock Up 4.7 %

Shares of NYSE:ENR opened at $30.96 on Monday. The firm’s 50-day moving average is $33.35 and its two-hundred day moving average is $33.58. The company has a debt-to-equity ratio of 20.23, a current ratio of 2.16 and a quick ratio of 1.11. Energizer Holdings, Inc. has a 1 year low of $26.16 and a 1 year high of $37.89. The firm has a market capitalization of $2.21 billion, a PE ratio of -9.05 and a beta of 1.01.

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

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Monday, August 21st. Energizer’s dividend payout ratio is currently -35.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ENR shares. Royal Bank of Canada dropped their price objective on shares of Energizer from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research report on Friday. Barclays reduced their target price on Energizer from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley lowered their price target on Energizer from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, August 9th. Finally, Truist Financial cut shares of Energizer from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $35.00 in a research report on Monday, August 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.43.

Read Our Latest Report on Energizer

About Energizer

(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.

Read More

Want to see what other hedge funds are holding ENR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energizer Holdings, Inc. (NYSE:ENR – Free Report).

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.