Creative Planning Raises Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Creative Planning boosted its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 95.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,327 shares of the company’s stock after purchasing an additional 8,450 shares during the quarter. Creative Planning’s holdings in Energizer were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ENR. Clearstead Trust LLC increased its stake in Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after buying an additional 820 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Energizer in the 1st quarter valued at $64,000. Canada Pension Plan Investment Board purchased a new position in Energizer in the 2nd quarter valued at $65,000. SG Americas Securities LLC boosted its stake in Energizer by 27.7% during the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after purchasing an additional 919 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Energizer by 2,650.0% during the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock worth $135,000 after buying an additional 4,399 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Wall Street Analyst Weigh In

ENR has been the topic of a number of recent research reports. Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a report on Monday. Evercore ISI cut their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Barclays boosted their price objective on Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Energizer presently has a consensus rating of “Hold” and an average target price of $35.00.

Energizer Stock Up 0.8 %

Shares of NYSE:ENR opened at $31.97 on Tuesday. The business has a 50-day moving average price of $30.44 and a 200 day moving average price of $29.66. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $36.72. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 26.87 and a beta of 1.04.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The firm had revenue of $701.40 million for the quarter, compared to the consensus estimate of $704.86 million. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts expect that Energizer Holdings, Inc. will post 3.27 EPS for the current year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, August 22nd. 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.