Victory Capital Management Inc. Buys 2,848 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Victory Capital Management Inc. raised its position in shares of Energizer Holdings, Inc. (NYSE:ENRFree Report) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,828 shares of the company’s stock after acquiring an additional 2,848 shares during the period. Victory Capital Management Inc.’s holdings in Energizer were worth $596,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Energizer in the 3rd quarter valued at $32,000. Signaturefd LLC grew its stake in shares of Energizer by 35.3% in the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock valued at $44,000 after acquiring an additional 361 shares in the last quarter. Everence Capital Management Inc. bought a new position in Energizer during the fourth quarter worth about $215,000. EMC Capital Management raised its stake in Energizer by 70.9% in the 3rd quarter. EMC Capital Management now owns 7,212 shares of the company’s stock worth $231,000 after purchasing an additional 2,992 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its holdings in Energizer by 11.3% in the 4th quarter. Capital Insight Partners LLC now owns 9,126 shares of the company’s stock valued at $289,000 after purchasing an additional 924 shares during the period. Institutional investors own 93.74% of the company’s stock.

Energizer Stock Performance

Energizer stock opened at $28.98 on Friday. The stock has a market cap of $2.08 billion, a PE ratio of 24.35 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 16.86. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $37.32. The business’s 50-day moving average price is $28.80 and its two-hundred day moving average price is $30.39.

Energizer (NYSE:ENRGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. The company had revenue of $663.30 million for the quarter, compared to analyst estimates of $664.10 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. As a group, analysts expect that Energizer Holdings, Inc. will post 3.22 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, May 21st. Energizer’s dividend payout ratio (DPR) is 100.84%.

Analyst Ratings Changes

ENR has been the topic of several recent research reports. UBS Group raised their target price on shares of Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Truist Financial dropped their price objective on Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. lowered Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Morgan Stanley raised Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target for the company in a research note on Wednesday, May 8th. Finally, Barclays reduced their price objective on shares of Energizer from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Energizer has an average rating of “Hold” and an average target price of $32.57.

Get Our Latest Research Report on Energizer

Energizer Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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