Energizer Holdings, Inc. (NYSE:ENR) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in Energizer Holdings, Inc. (NYSE:ENR) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,943 shares of the company’s stock after acquiring an additional 1,799 shares during the quarter. HighTower Advisors LLC’s holdings in Energizer were worth $591,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ENR. Bank of New York Mellon Corp raised its holdings in shares of Energizer by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after purchasing an additional 80,163 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 last quarter. Principal Financial Group Inc. increased its holdings in shares of Energizer by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock valued at $31,204,000 after acquiring an additional 32,618 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after acquiring an additional 190,195 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Energizer by 1.5% during the third quarter. Wellington Management Group LLP now owns 483,503 shares of the company’s stock worth $15,356,000 after purchasing an additional 7,164 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENR. JPMorgan Chase & Co. dropped their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. UBS Group reduced their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Barclays lowered their target price on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.88.

Energizer Price Performance

Energizer stock opened at $29.68 on Friday. The business has a 50 day simple moving average of $31.46 and a 200-day simple moving average of $33.08. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.52. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The stock has a market capitalization of $2.14 billion, a PE ratio of 37.57 and a beta of 1.09.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The business had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Equities analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is 151.90%.

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.