Energizer Holdings, Inc. (NYSE:ENR) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its stake in Energizer Holdings, Inc. (NYSE:ENR) by 427.7% in the fourth quarter, HoldingsChannel reports. The fund owned 269,901 shares of the company’s stock after purchasing an additional 218,759 shares during the period. Balyasny Asset Management L.P.’s holdings in Energizer were worth $9,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Energizer by 100.9% in the 3rd quarter. Barclays PLC now owns 139,890 shares of the company’s stock valued at $4,443,000 after purchasing an additional 70,254 shares during the period. Tidal Investments LLC raised its position in shares of Energizer by 48.9% in the third quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock worth $434,000 after acquiring an additional 4,487 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Energizer by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock worth $27,369,000 after acquiring an additional 37,713 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Finally, Ritholtz Wealth Management purchased a new position in shares of Energizer in the 4th quarter valued at about $306,000. 93.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ENR has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. UBS Group decreased their price objective on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday. Truist Financial reduced their price target on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Barclays lowered their price objective on Energizer from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.50.

Energizer Stock Down 2.7 %

Shares of NYSE ENR opened at $21.54 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The company has a 50-day moving average of $27.82 and a 200 day moving average of $32.11. Energizer Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $39.52. The stock has a market cap of $1.56 billion, a PE ratio of 27.27 and a beta of 0.77.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. During the same quarter last year, the company earned $0.72 earnings per share. Energizer’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.57%. Energizer’s dividend payout ratio is presently 164.38%.

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.