Gabelli Funds LLC reduced its position in Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 378,950 shares of the company’s stock after selling 3,000 shares during the period. Gabelli Funds LLC owned 0.53% of Energizer worth $12,725,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Ancora Advisors LLC bought a new stake in shares of Energizer in the 1st quarter valued at about $37,000. Signaturefd LLC boosted its holdings in shares of Energizer by 58.1% in the 1st quarter. Signaturefd LLC now owns 1,097 shares of the company’s stock valued at $38,000 after buying an additional 403 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Energizer by 107.4% in the 1st quarter. Captrust Financial Advisors now owns 2,014 shares of the company’s stock valued at $62,000 after buying an additional 1,043 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in Energizer by 42.4% in the 1st quarter. Belpointe Asset Management LLC now owns 1,836 shares of the company’s stock worth $64,000 after purchasing an additional 547 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Energizer by 32.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,939 shares of the company’s stock worth $99,000 after purchasing an additional 717 shares in the last quarter. 83.74% of the stock is currently owned by institutional investors.
Energizer Price Performance
NYSE:ENR opened at $31.48 on Tuesday. The company has a debt-to-equity ratio of 15.81, a current ratio of 2.12 and a quick ratio of 1.11. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 16.22 and a beta of 1.04. The company has a 50 day moving average price of $32.31 and a 200-day moving average price of $33.54. Energizer Holdings, Inc. has a 1-year low of $27.68 and a 1-year high of $37.89.
Energizer Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Tuesday, November 28th. Energizer’s dividend payout ratio is presently 61.86%.
Insiders Place Their Bets
In other news, EVP Robin Vauth sold 2,919 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $31.64, for a total value of $92,357.16. Following the completion of the sale, the executive vice president now directly owns 3,780 shares in the company, valued at $119,599.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Barclays lowered their target price on shares of Energizer from $40.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, October 12th. Morgan Stanley cut shares of Energizer from an “equal weight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Wednesday, November 15th. Royal Bank of Canada cut shares of Energizer from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $40.00 to $38.00 in a research note on Wednesday, November 15th. Finally, UBS Group cut shares of Energizer from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $34.00 in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.00.
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.
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