NewSquare Capital LLC Decreases Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

NewSquare Capital LLC cut its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 0.6% during the 1st quarter, Holdings Channel reports. The firm owned 107,766 shares of the company’s stock after selling 670 shares during the period. NewSquare Capital LLC’s holdings in Energizer were worth $3,224,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its position in Energizer by 100.9% during the third quarter. Barclays PLC now owns 139,890 shares of the company’s stock worth $4,443,000 after buying an additional 70,254 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Energizer by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock valued at $31,204,000 after acquiring an additional 32,618 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Energizer by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after acquiring an additional 392 shares during the last quarter. Ieq Capital LLC purchased a new stake in Energizer during the 4th quarter worth about $212,000. Finally, Bank of New York Mellon Corp raised its stake in Energizer by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after purchasing an additional 80,163 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Performance

Energizer stock opened at $22.43 on Monday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. Energizer Holdings, Inc. has a 12 month low of $21.41 and a 12 month high of $39.52. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 28.39 and a beta of 0.68. The stock’s 50-day moving average is $25.02 and its 200-day moving average is $30.59.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. Equities analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend is Wednesday, May 21st. Energizer’s dividend payout ratio is currently 164.38%.

Analysts Set New Price Targets

Several research firms have issued reports on ENR. JPMorgan Chase & Co. decreased their price target on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. UBS Group decreased their target price on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Truist Financial cut their price target on Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group decreased their price objective on Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, May 7th. Finally, Wall Street Zen lowered Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Energizer currently has an average rating of “Hold” and a consensus target price of $31.63.

Insider Transactions at Energizer

In other Energizer news, Director Donal L. Mulligan bought 10,000 shares of the business’s stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $23.66 per share, with a total value of $236,600.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $236,600. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Stephen Lavigne bought 4,000 shares of the company’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the transaction, the chief executive officer now directly owns 277,645 shares of the company’s stock, valued at $6,016,567.15. This trade represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 25,000 shares of company stock valued at $578,140. Insiders own 0.98% of the company’s stock.

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.