Y Intercept Hong Kong Ltd Decreases Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,353 shares of the company’s stock after selling 2,742 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Energizer were worth $850,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Inspire Investing LLC raised its position in shares of Energizer by 166.3% during the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after buying an additional 21,667 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Energizer by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after buying an additional 19,836 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Energizer during the 3rd quarter valued at about $584,000. Seizert Capital Partners LLC raised its position in shares of Energizer by 29.0% during the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after buying an additional 40,891 shares in the last quarter. Finally, Clarkston Capital Partners LLC raised its position in shares of Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after buying an additional 533,831 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Price Performance

NYSE ENR opened at $30.82 on Friday. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The firm’s 50 day moving average price is $33.69 and its 200-day moving average price is $33.15. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $39.51. The company has a market cap of $2.22 billion, a PE ratio of 39.01 and a beta of 1.06.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. During the same period last year, the firm earned $0.59 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.89%. Energizer’s dividend payout ratio is presently 151.90%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ENR shares. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group upped their price target on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price target on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Truist Financial upped their price target on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Energizer presently has an average rating of “Hold” and a consensus price target of $38.38.

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.