Charles Schwab Investment Management Inc. Increases Stake in Energizer Holdings, Inc. (NYSE:ENR)

Charles Schwab Investment Management Inc. grew its stake in Energizer Holdings, Inc. (NYSE:ENR) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 965,310 shares of the company’s stock after purchasing an additional 33,739 shares during the period. Charles Schwab Investment Management Inc. owned about 1.34% of Energizer worth $33,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENR. GAMMA Investing LLC boosted its holdings in Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after buying an additional 356 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Energizer during the 3rd quarter worth about $30,000. Quarry LP purchased a new stake in shares of Energizer during the 3rd quarter worth about $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Energizer during the 3rd quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Energizer by 94.0% in the 4th 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. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Performance

ENR opened at $29.97 on Monday. The firm has a market capitalization of $2.16 billion, a PE ratio of 37.93 and a beta of 1.09. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.51. The firm’s 50-day moving average price is $32.51 and its 200 day moving average price is $33.20.

Energizer (NYSE:ENR) last posted its quarterly earnings results 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 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 period in the prior year, the business earned $0.59 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.00%. Energizer’s dividend payout ratio is presently 151.90%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ENR. UBS Group dropped their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a report on Thursday, January 30th. Truist Financial boosted their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.38.

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.