MQS Management LLC Increases Stake in Energizer Holdings, Inc. (NYSE:ENR)

MQS Management LLC boosted its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 79.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 16,571 shares of the company’s stock after purchasing an additional 7,361 shares during the quarter. MQS Management LLC’s holdings in Energizer were worth $488,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ENR. Vanguard Group Inc. grew its position in Energizer by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock valued at $297,930,000 after purchasing an additional 1,126,158 shares during the last quarter. Norges Bank bought a new position in Energizer during the 4th quarter valued at about $16,559,000. M&G Plc bought a new position in Energizer during the 1st quarter valued at about $5,174,000. Great Lakes Advisors LLC bought a new position in Energizer during the 4th quarter valued at about $3,629,000. Finally, Verition Fund Management LLC lifted its stake in Energizer by 197.4% during the 4th quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock valued at $5,041,000 after acquiring an additional 105,622 shares during the period. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Price Performance

ENR traded up $0.16 during trading on Thursday, reaching $30.77. 444,101 shares of the company traded hands, compared to its average volume of 514,312. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.04 and a current ratio of 2.03. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $37.32. The firm has a fifty day simple moving average of $29.34 and a 200 day simple moving average of $29.55. The company has a market cap of $2.21 billion, a P/E ratio of 25.85 and a beta of 1.05.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The business had revenue of $663.30 million during the quarter, compared to analyst estimates of $664.10 million. During the same period last year, the firm posted $0.64 EPS. The company’s revenue was down 3.0% on a year-over-year basis. On average, equities analysts forecast that Energizer Holdings, Inc. will post 3.21 EPS for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Tuesday, May 21st. Energizer’s dividend payout ratio (DPR) is currently 100.84%.

Analyst Ratings Changes

ENR has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of Energizer from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Monday. UBS Group increased their price objective on shares of Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, Barclays increased their price objective on shares of Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Energizer has an average rating of “Hold” and a consensus price target of $32.00.

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.