Gabelli Funds LLC Has $10.67 Million Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Gabelli Funds LLC cut its stake in Energizer Holdings, Inc. (NYSE:ENR) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 362,550 shares of the company’s stock after selling 23,000 shares during the quarter. Gabelli Funds LLC owned 0.51% of Energizer worth $10,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ENR. Vanguard Group Inc. raised its stake in shares of Energizer by 13.8% in the third quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after purchasing an additional 1,126,158 shares during the last quarter. Norges Bank purchased a new stake in shares of Energizer in the fourth quarter worth $16,559,000. M&G Plc purchased a new stake in shares of Energizer in the first quarter worth $5,174,000. Great Lakes Advisors LLC purchased a new stake in shares of Energizer in the fourth quarter worth $3,629,000. Finally, Verition Fund Management LLC raised its position in Energizer by 197.4% during the fourth quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock valued at $5,041,000 after purchasing an additional 105,622 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Stock Up 1.0 %

Shares of NYSE ENR traded up $0.30 during trading on Friday, reaching $31.07. The company had a trading volume of 347,384 shares, compared to its average volume of 566,066. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $37.32. The stock has a market cap of $2.23 billion, a PE ratio of 26.11 and a beta of 1.05. The business’s 50-day moving average is $29.35 and its 200 day moving average is $29.56. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 16.86.

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

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 3.86%. Energizer’s payout ratio is 100.84%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ENR shares. Canaccord Genuity Group reduced their price objective on Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. JPMorgan Chase & Co. reduced their price objective on Energizer from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. Truist Financial reduced their price objective on Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. UBS Group raised their target price on Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, Barclays raised their target price on Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

Energizer Company 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.