Energizer Holdings, Inc. (NYSE:ENR) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 16.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,615 shares of the company’s stock after purchasing an additional 29,383 shares during the quarter. Wellington Management Group LLP owned about 0.29% of Energizer worth $6,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allen Wealth Management LLC purchased a new position in Energizer in the 4th quarter worth $1,022,000. Verition Fund Management LLC lifted its holdings in shares of Energizer by 197.4% during the fourth quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock worth $5,041,000 after purchasing an additional 105,622 shares during the period. Harvest Investment Advisors LLC boosted its position in Energizer by 1.6% in the fourth quarter. Harvest Investment Advisors LLC now owns 38,211 shares of the company’s stock valued at $1,211,000 after buying an additional 588 shares during the last quarter. Gabelli Funds LLC increased its holdings in Energizer by 2.2% in the 4th quarter. Gabelli Funds LLC now owns 385,550 shares of the company’s stock worth $12,214,000 after buying an additional 8,375 shares during the period. Finally, Trexquant Investment LP raised its position in Energizer by 170.3% during the 4th quarter. Trexquant Investment LP now owns 117,778 shares of the company’s stock worth $3,731,000 after buying an additional 74,199 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Stock Down 0.9 %

Energizer stock opened at $29.54 on Friday. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $37.32. The stock has a market capitalization of $2.12 billion, a PE ratio of 24.82 and a beta of 1.01. 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 simple moving average of $29.13 and a 200-day simple moving average of $29.80.

Energizer (NYSE:ENR) last posted its quarterly earnings data 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 net margin of 2.97% and a return on equity of 119.16%. The company had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts anticipate that Energizer Holdings, Inc. will post 3.22 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.06%. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ENR shares. Barclays reduced their target price on shares of Energizer from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price objective for the company in a research note on Wednesday, May 8th. Canaccord Genuity Group lowered their target price on Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Truist Financial reduced their price target on Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Finally, UBS Group upped their price objective on Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Energizer presently has an average rating of “Hold” and a consensus price target of $32.57.

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.