Public Sector Pension Investment Board Grows Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Public Sector Pension Investment Board boosted its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,847 shares of the company’s stock after acquiring an additional 10,014 shares during the period. Public Sector Pension Investment Board owned 0.20% of Energizer worth $4,338,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ENR. Capital Insight Partners LLC lifted its stake in shares of Energizer by 2.5% in the 2nd quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock valued at $392,000 after purchasing an additional 330 shares during the last quarter. Arizona State Retirement System lifted its position in Energizer by 1.9% in the second quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock valued at $564,000 after buying an additional 353 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in Energizer by 0.3% during the second quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock worth $3,382,000 after buying an additional 382 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Energizer by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock valued at $993,000 after acquiring an additional 500 shares during the last quarter. Finally, Harvest Investment Advisors LLC raised its stake in shares of Energizer by 1.6% in the 4th quarter. Harvest Investment Advisors LLC now owns 38,211 shares of the company’s stock valued at $1,211,000 after acquiring an additional 588 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Wednesday, August 7th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and increased their target price for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. JPMorgan Chase & Co. lifted their target price on Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI reduced their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.38.

Energizer Stock Performance

Shares of ENR opened at $30.39 on Friday. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $36.72. The stock has a market capitalization of $2.18 billion, a PE ratio of 25.53 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The stock has a 50-day simple moving average of $30.20 and a 200-day simple moving average of $29.38.

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

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, August 22nd. Energizer’s dividend payout ratio is presently 100.84%.

About Energizer

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.