Energizer Holdings, Inc. $ENR Stock: M&G PLC Cuts Holdings

M&G PLC reduced its position in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 491,918 shares of the company’s stock after selling 29,949 shares during the quarter. M&G PLC owned about 0.72% of Energizer worth $10,330,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ENR. BlackRock Inc. bought a new stake in shares of Energizer in the 2nd quarter worth $201,796,000. Gamco Investors INC. ET AL grew its holdings in Energizer by 0.8% during 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 period. Bank of New York Mellon Corp bought a new stake in Energizer in the second quarter worth about $22,040,000. Wellington Management Group LLP raised its position in Energizer by 14.0% in the second quarter. Wellington Management Group LLP now owns 987,730 shares of the company’s stock worth $21,177,000 after acquiring an additional 121,676 shares in the last quarter. Finally, MAC Alpha Capital Management LP raised its position in Energizer by 17.8% in the second quarter. MAC Alpha Capital Management LP now owns 644,967 shares of the company’s stock worth $13,829,000 after acquiring an additional 97,259 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ENR shares. Morgan Stanley reissued a “negative” rating and issued a $21.00 price target on shares of Energizer in a report on Tuesday, August 4th. UBS Group set a $22.00 target price on shares of Energizer in a report on Thursday, October 15th. Weiss Ratings raised shares of Energizer from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Canaccord Genuity Group reduced their target price on shares of Energizer from $18.00 to $17.00 and set a “hold” rating for the company in a report on Friday, October 23rd. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $21.50.

Check Out Our Latest Research Report on ENR

Energizer Trading Down 1.0%

NYSE:ENR opened at $24.82 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22. Energizer Holdings, Inc. has a 1-year low of $15.75 and a 1-year high of $25.83. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 8.22 and a beta of 0.83. The stock has a fifty day simple moving average of $22.06 and a 200 day simple moving average of $20.55.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Tuesday, November 24th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. Energizer’s dividend payout ratio is currently 101.69%.

Energizer Profile

(Free Report)

Energizer Holdings, Inc. develops, manufactures and markets batteries, portable lighting and automotive care products. Its battery offerings include alkaline, lithium, rechargeable and specialty batteries for consumer and commercial uses. The company sells products under brands including Energizer, Eveready and Rayovac. Its automotive care portfolio includes Armor All, STP and A/C Pro products, such as cleaners, protectants and vehicle maintenance items. Headquartered in St. Louis, Missouri, Energizer serves customers in North America and international markets through retail, e-commerce and other sales channels.

Further Reading

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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