Mutual of America Capital Management LLC Reduces Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Mutual of America Capital Management LLC trimmed its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,827 shares of the company’s stock after selling 1,147 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Energizer were worth $312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management grew its position in Energizer by 2.0% in the second quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock worth $47,456,000 after acquiring an additional 31,900 shares during the period. Bank of New York Mellon Corp boosted its holdings in Energizer by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after purchasing an additional 15,982 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after buying an additional 240,402 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Energizer by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock valued at $27,369,000 after purchasing an additional 37,713 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Energizer by 6.1% in the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock valued at $11,363,000 after buying an additional 22,100 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Performance

NYSE ENR opened at $38.26 on Friday. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.21. The firm has a market capitalization of $2.75 billion, a P/E ratio of 73.58 and a beta of 1.04. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The business’s 50-day simple moving average is $32.92 and its 200-day simple moving average is $30.88.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%. Energizer’s payout ratio is currently 230.77%.

Insider Buying and Selling at Energizer

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock valued at $334,694 in the last ninety days. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENR. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a report on Wednesday, August 7th. Truist Financial boosted their price target 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. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and upped their target price for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Finally, Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.63.

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.