Readystate Asset Management LP Acquires 24,901 Shares of Energizer Holdings, Inc. $ENR

Readystate Asset Management LP lifted its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 153.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,166 shares of the company’s stock after buying an additional 24,901 shares during the period. Readystate Asset Management LP’s holdings in Energizer were worth $676,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantinno Capital Management LP boosted its stake in Energizer by 139.3% in the first quarter. Quantinno Capital Management LP now owns 50,480 shares of the company’s stock valued at $829,000 after buying an additional 29,387 shares in the last quarter. SummitTX Capital L.P. raised its stake in Energizer by 2.3% during the first quarter. SummitTX Capital L.P. now owns 34,246 shares of the company’s stock worth $562,000 after acquiring an additional 781 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Energizer by 5.2% in the first quarter. Gabelli Funds LLC now owns 532,000 shares of the company’s stock worth $8,735,000 after acquiring an additional 26,500 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Energizer by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 2,060,431 shares of the company’s stock worth $33,832,000 after acquiring an additional 16,637 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Energizer by 116.5% in the 1st quarter. Sei Investments Co. now owns 32,449 shares of the company’s stock valued at $533,000 after purchasing an additional 17,464 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ENR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. Canaccord Genuity Group cut their target price on shares of Energizer from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on shares of Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. UBS Group upped their price target on shares of Energizer from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Barclays increased their price target on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Insiders Place Their Bets

In other Energizer news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were purchased at an average cost of $20.25 per share, with a total value of $1,215,000.00. Following the completion of the purchase, the insider owned 7,940,000 shares in the company, valued at $160,785,000. This represents a 0.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 538,681 shares of company stock valued at $10,406,791 in the last ninety days. Insiders own 1.63% of the company’s stock.

Key Stories Impacting Energizer

Here are the key news stories impacting Energizer this week:

• Positive Sentiment: Major shareholder Aqua Capital continued buying ENR shares, acquiring a combined 160,000 shares for approximately $3.24 million in transactions dated July 17, July 20 and July 23. The purchases increased Aqua Capital’s already sizable position and may signal confidence in Energizer’s valuation and long-term prospects. SEC filing on Aqua Capital purchase
• Positive Sentiment: Energizer declared a quarterly dividend of $0.30 per share, payable September 9 to shareholders of record August 19. The dividend equates to $1.20 annually and a reported yield of about 5.5%, which may attract income-oriented investors. Energizer dividend announcement
• Positive Sentiment: A Zacks analysis highlighted Energizer as a potentially strong long-term momentum stock, suggesting that recent price performance and valuation characteristics could appeal to momentum and value investors. Zacks momentum analysis
• Neutral Sentiment: Analyst sentiment remains cautious: ENR has an average rating of “Hold,” with one Buy and seven Hold ratings, while the average price target is approximately $24. Recent target changes were mixed, although several firms raised their objectives.
• Negative Sentiment: Zacks warned that Energizer may report a decline in earnings and lacks the indicators typically associated with a likely earnings beat. Investors are likely to focus on upcoming results, guidance and consumer demand. Zacks earnings outlook
• Negative Sentiment: The latest reported quarter showed revenue down 3% year over year and below analyst expectations, despite a substantial EPS beat. Energizer’s high leverage also remains a risk for shareholders.

Energizer Stock Down 2.2%

Shares of ENR opened at $21.38 on Thursday. The stock’s 50-day moving average price is $20.28 and its two-hundred day moving average price is $19.80. Energizer Holdings, Inc. has a 12 month low of $15.75 and a 12 month high of $30.29. The company has a market capitalization of $1.46 billion, a PE ratio of 7.83 and a beta of 0.75. The company has a current ratio of 2.05, a quick ratio of 1.03 and a debt-to-equity ratio of 19.08.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. Energizer had a net margin of 6.55% and a return on equity of 144.22%. The company had revenue of $643.30 million for the quarter, compared to analyst estimates of $661.92 million. During the same period in the prior year, the firm posted $0.67 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Energizer has set its Q3 2026 guidance at 0.750-0.850 EPS and its FY 2026 guidance at 3.300-3.600 EPS. On average, analysts anticipate that Energizer Holdings, Inc. will post 3.56 EPS for the current year.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 5.6%. Energizer’s dividend payout ratio (DPR) is currently 43.96%.

About Energizer

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.