M&G Plc Acquires New Shares in Energizer Holdings, Inc. (NYSE:ENR)

M&G Plc acquired a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 178,404 shares of the company’s stock, valued at approximately $5,174,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in shares of Energizer during the 1st quarter valued at about $64,000. Quadrant Capital Group LLC boosted its holdings in shares of Energizer by 35.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after buying an additional 987 shares during the period. SG Americas Securities LLC raised its holdings in shares of Energizer by 27.7% during the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after acquiring an additional 919 shares during the period. Everence Capital Management Inc. bought a new stake in Energizer in the 4th quarter valued at $215,000. Finally, TI Trust Inc. acquired a new position in Energizer in the 1st quarter worth $225,000. 93.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ENR. Canaccord Genuity Group cut their price target on Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. UBS Group lifted their price target on shares of Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Morgan Stanley raised shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target on the stock in a research report on Wednesday, May 8th. Barclays boosted their price target on Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Truist Financial cut their price objective on Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.71.

Energizer Stock Performance

NYSE ENR traded down $0.12 during trading on Friday, reaching $30.40. 348,011 shares of the company’s stock were exchanged, compared to its average volume of 606,011. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04. The business has a 50 day moving average price of $29.34 and a 200-day moving average price of $29.56. The stock has a market capitalization of $2.18 billion, a P/E ratio of 25.55 and a beta of 1.05. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $37.32.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Energizer had a return on equity of 119.16% and a net margin of 2.97%. The business had revenue of $663.30 million for the quarter, compared to analyst estimates of $664.10 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.22 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Tuesday, May 21st. Energizer’s dividend payout ratio is presently 100.84%.

Energizer 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.