State of New Jersey Common Pension Fund D Sells 31,419 Shares of Energizer Holdings, Inc. (NYSE:ENR)

State of New Jersey Common Pension Fund D reduced its stake in Energizer Holdings, Inc. (NYSE:ENR) by 32.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,626 shares of the company’s stock after selling 31,419 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Energizer worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in Energizer during the first quarter valued at $64,000. SG Americas Securities LLC boosted its stake in Energizer by 27.7% in the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after purchasing an additional 919 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Energizer by 2,650.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock valued at $135,000 after purchasing an additional 4,399 shares during the last quarter. Welch Group LLC bought a new stake in Energizer during the 2nd quarter valued at about $207,000. Finally, Ironwood Investment Counsel LLC purchased a new position in Energizer in the first quarter worth about $216,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Trading Down 0.8 %

Energizer stock opened at $29.07 on Friday. The business has a 50-day simple moving average of $30.25 and a two-hundred day simple moving average of $29.34. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $36.72. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The company has a market cap of $2.09 billion, a P/E ratio of 24.43 and a beta of 1.04.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. Analysts predict that Energizer Holdings, Inc. will post 3.27 EPS for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 4.13%. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

Analyst Ratings Changes

A number of research firms have recently commented on ENR. Evercore ISI cut their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on Energizer from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. Finally, Barclays upped their target price on shares of Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.38.

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.