New York State Common Retirement Fund Lowers Position in Energizer Holdings, Inc. (NYSE:ENR)

New York State Common Retirement Fund trimmed its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 2.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,405 shares of the company’s stock after selling 551 shares during the period. New York State Common Retirement Fund’s holdings in Energizer were worth $851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after buying an additional 356 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Energizer during the 3rd quarter valued at $30,000. Quarry LP purchased a new position in Energizer in the 3rd quarter worth $39,000. Prospera Private Wealth LLC bought a new stake in Energizer in the third quarter worth $42,000. Finally, Central Pacific Bank Trust Division boosted its position in Energizer by 750.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after buying an additional 1,500 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ENR has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a report on Thursday, January 30th. Canaccord Genuity Group lifted their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. dropped 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. Morgan Stanley raised their target price on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Truist Financial upped their price target on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $38.38.

Energizer Price Performance

Shares of Energizer stock opened at $30.06 on Tuesday. The business has a 50 day moving average of $33.50 and a 200 day moving average of $33.20. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $39.51. The company has a market cap of $2.17 billion, a PE ratio of 38.05 and a beta of 1.06. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. During the same period in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 3.99%. Energizer’s payout ratio is 151.90%.

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.