Welch Group LLC Acquires Shares of 7,000 Energizer Holdings, Inc. (NYSE:ENR)

Welch Group LLC bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,000 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also made changes to their positions in ENR. M&G Plc lifted its holdings in Energizer by 33.0% in the 2nd quarter. M&G Plc now owns 237,337 shares of the company’s stock worth $7,120,000 after buying an additional 58,933 shares in the last quarter. EMC Capital Management boosted its holdings in Energizer by 18.3% in the first quarter. EMC Capital Management now owns 8,529 shares of the company’s stock valued at $251,000 after purchasing an additional 1,317 shares during the last quarter. Comerica Bank boosted its holdings in Energizer by 16.0% in the first quarter. Comerica Bank now owns 60,595 shares of the company’s stock valued at $1,784,000 after purchasing an additional 8,366 shares during the last quarter. Tidal Investments LLC grew its stake in Energizer by 220.3% during the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after purchasing an additional 20,567 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Energizer by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,068 shares of the company’s stock valued at $1,386,000 after purchasing an additional 2,536 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Energizer from $28.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Truist Financial decreased their price target on Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. UBS Group upped their price objective on Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. Finally, Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target for the company in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Energizer currently has a consensus rating of “Hold” and a consensus target price of $33.13.

Energizer Stock Performance

Shares of ENR stock traded up $0.04 during trading hours on Friday, reaching $29.39. The stock had a trading volume of 56,996 shares, compared to its average volume of 530,712. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04. The firm has a 50-day simple moving average of $29.65 and a 200-day simple moving average of $29.37. The firm has a market capitalization of $2.11 billion, a PE ratio of 24.70 and a beta of 1.05. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $36.72.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $701.40 million for the quarter, compared to analyst estimates of $704.86 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. Energizer’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. As a group, equities analysts forecast that Energizer Holdings, Inc. will post 3.21 earnings per share for the current year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.08%. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

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.