Plancorp LLC Has $1.93 Million Position in Energizer Holdings, Inc. (NYSE:ENR)

Plancorp LLC cut its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 35.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,424 shares of the company’s stock after selling 35,980 shares during the period. Plancorp LLC owned about 0.09% of Energizer worth $1,933,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ENR. Norges Bank bought a new stake in shares of Energizer in the fourth quarter worth $16,559,000. Victory Capital Management Inc. grew its position in shares of Energizer by 192.5% in the 2nd quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock valued at $11,009,000 after buying an additional 245,285 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Energizer by 38.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after buying an additional 240,402 shares during the last quarter. M&G Plc acquired a new stake in shares of Energizer in the first quarter valued at about $5,174,000. Finally, Great Lakes Advisors LLC bought a new position in shares of Energizer during the fourth quarter worth about $3,629,000. 93.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ENR. JPMorgan Chase & Co. increased their target price on shares of Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Wednesday, August 7th. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a report on Monday. Finally, Evercore ISI dropped their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.38.

Energizer Price Performance

Shares of NYSE ENR opened at $28.95 on Tuesday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 24.33 and a beta of 1.04. The firm’s 50-day moving average price is $30.26 and its 200-day moving average price is $29.32. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $36.72.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The business had revenue of $701.40 million for the quarter, compared to the consensus estimate of $704.86 million. During the same period in the prior year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts anticipate that Energizer Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.15%. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

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.