Victory Capital Management Inc. Sells 16,835 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Victory Capital Management Inc. lessened its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 348,385 shares of the company’s stock after selling 16,835 shares during the period. Victory Capital Management Inc. owned 0.48% of Energizer worth $12,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in Energizer by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company’s stock worth $33,680,000 after buying an additional 33,739 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares in the last quarter. Wakefield Asset Management LLLP bought a new position in shares of Energizer during the fourth quarter worth about $1,023,000. Proficio Capital Partners LLC bought a new position in shares of Energizer during the fourth quarter worth about $411,000. Finally, Bank of New York Mellon Corp raised its position in shares of Energizer by 8.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock worth $35,695,000 after acquiring an additional 80,163 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Trading Up 0.4 %

Shares of ENR stock opened at $29.65 on Friday. The stock has a market capitalization of $2.14 billion, a PE ratio of 37.53 and a beta of 1.09. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.51. The business has a 50-day moving average of $32.71 and a 200 day moving average of $33.21. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. During the same quarter in the prior year, the company posted $0.59 EPS. Energizer’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is presently 151.90%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ENR shares. Canaccord Genuity Group lifted their target price on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley boosted their price objective on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial boosted their target price on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, UBS Group decreased their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Energizer currently has a consensus rating of “Hold” and a consensus price target of $38.38.

About Energizer

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.