Wakefield Asset Management LLLP Makes New $1.02 Million Investment in Energizer Holdings, Inc. (NYSE:ENR)

Wakefield Asset Management LLLP purchased a new stake in Energizer Holdings, Inc. (NYSE:ENR) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 29,335 shares of the company’s stock, valued at approximately $1,023,000.

Other large investors also recently modified their holdings of the company. Creative Planning increased its holdings in shares of Energizer by 42.1% in the third quarter. Creative Planning now owns 24,628 shares of the company’s stock valued at $782,000 after buying an additional 7,301 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Energizer by 8.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 77,058 shares of the company’s stock valued at $2,441,000 after acquiring an additional 6,124 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Energizer by 1.6% during the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company’s stock worth $622,000 after buying an additional 308 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Energizer during the 3rd quarter worth about $264,000. Finally, M&G PLC raised its position in shares of Energizer by 4.5% during the third quarter. M&G PLC now owns 248,008 shares of the company’s stock valued at $7,936,000 after buying an additional 10,671 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Trading Down 0.6 %

Energizer stock opened at $30.82 on Friday. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.51. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The business’s fifty day simple moving average is $33.69 and its two-hundred day simple moving average is $33.15. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 39.01 and a beta of 1.06.

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

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 dividend on an annualized basis and a yield of 3.89%. Energizer’s dividend payout ratio (DPR) is 151.90%.

Wall Street Analysts Forecast Growth

ENR has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. UBS Group reduced their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, Truist Financial upped their price objective on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.38.

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.