Prosperity Consulting Group LLC Makes New Investment in Energizer Holdings, Inc. (NYSE:ENR)

Prosperity Consulting Group LLC purchased a new stake in Energizer Holdings, Inc. (NYSE:ENR) in the first quarter, Holdings Channel reports. The firm purchased 8,038 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors have also made changes to their positions in the stock. Russell Investments Group Ltd. grew its position in shares of Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock valued at $71,000 after purchasing an additional 360 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Energizer by 2.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company’s stock valued at $591,000 after purchasing an additional 386 shares in the last quarter. Bank of Montreal Can grew its position in shares of Energizer by 4.1% in the fourth quarter. Bank of Montreal Can now owns 11,978 shares of the company’s stock valued at $418,000 after purchasing an additional 470 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Energizer by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company’s stock valued at $262,000 after purchasing an additional 477 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its position in shares of Energizer by 29.4% in the first quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ENR has been the subject of a number of analyst reports. Canaccord Genuity Group dropped their price target on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, May 7th. Barclays dropped their price target on Energizer from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. UBS Group dropped their price target on Energizer from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, July 17th. JPMorgan Chase & Co. upped their price objective on Energizer from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Truist Financial decreased their price objective on Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.75.

Energizer Stock Down 4.0%

NYSE:ENR opened at $22.53 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 23.56. The stock’s fifty day moving average is $22.01 and its two-hundred day moving average is $26.83. Energizer Holdings, Inc. has a 52 week low of $19.70 and a 52 week high of $39.51. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 30.86 and a beta of 0.63.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The firm had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. Research analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, August 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Thursday, August 21st. Energizer’s payout ratio is currently 164.38%.

Insider Activity

In related news, Director Patrick J. Moore acquired 10,000 shares of Energizer stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $23.10 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at approximately $346,500. The trade was a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donal L. Mulligan acquired 10,000 shares of Energizer stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $236,600. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 25,000 shares of company stock worth $578,140. Corporate insiders own 0.98% of the company’s stock.

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.