Canada Pension Plan Investment Board Takes $65,000 Position in Energizer Holdings, Inc. (NYSE:ENR)

Canada Pension Plan Investment Board bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,200 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock worth $297,115,000 after purchasing an additional 79,940 shares during the last quarter. LSV Asset Management increased its holdings in shares of Energizer by 2.0% in the second quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after buying an additional 31,900 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Energizer by 5.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock valued at $38,564,000 after acquiring an additional 71,595 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Energizer by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock worth $29,651,000 after acquiring an additional 15,982 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Energizer by 38.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after acquiring an additional 240,402 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Trading Up 2.9 %

NYSE ENR opened at $31.25 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $36.72. The firm’s fifty day simple moving average is $30.22 and its 200-day simple moving average is $29.40. The company has a market capitalization of $2.24 billion, a PE ratio of 26.26 and a beta of 1.04.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $701.40 million during the quarter, compared to the consensus estimate of $704.86 million. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. As a group, sell-side analysts anticipate 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. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.84%. Energizer’s dividend payout ratio is currently 100.84%.

Analyst Upgrades and Downgrades

ENR has been the subject of several analyst reports. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Truist Financial raised shares of Energizer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Evercore ISI reduced their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. Finally, Barclays increased their target price on Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.38.

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.