Envestnet Asset Management Inc. lessened its position in Energizer Holdings Inc (NYSE:ENR) by 13.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,404 shares of the company’s stock after selling 993 shares during the period. Envestnet Asset Management Inc.’s holdings in Energizer were worth $402,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its holdings in Energizer by 19.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 19,791 shares of the company’s stock worth $1,246,000 after acquiring an additional 3,202 shares during the last quarter. FMR LLC grew its holdings in Energizer by 142.1% in the 2nd quarter. FMR LLC now owns 1,966,141 shares of the company’s stock worth $123,788,000 after acquiring an additional 1,153,941 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Energizer by 18.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,742 shares of the company’s stock worth $362,000 after acquiring an additional 894 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Energizer by 2.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 209,651 shares of the company’s stock worth $13,209,000 after acquiring an additional 4,282 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Energizer by 0.3% in the 2nd quarter. BlackRock Inc. now owns 5,329,302 shares of the company’s stock worth $335,535,000 after acquiring an additional 15,326 shares during the last quarter. 96.32% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Gregory T. Kinder sold 3,810 shares of Energizer stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $65.00, for a total transaction of $247,650.00. Following the completion of the transaction, the executive vice president now directly owns 3,811 shares of the company’s stock, valued at approximately $247,715. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Mark Stephen Lavigne sold 12,484 shares of Energizer stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $65.08, for a total transaction of $812,458.72. Following the transaction, the vice president now directly owns 22,394 shares of the company’s stock, valued at $1,457,401.52. The disclosure for this sale can be found here. Company insiders own 1.79% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Energizer from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Jefferies Financial Group reissued a “buy” rating and issued a $70.00 price target on shares of Energizer in a report on Thursday, June 14th. Morgan Stanley raised their price target on shares of Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, August 2nd. UBS Group started coverage on shares of Energizer in a research note on Thursday, July 19th. They set a “neutral” rating and a $68.00 target price on the stock. Finally, Bank of America lifted their target price on shares of Energizer from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Energizer has a consensus rating of “Hold” and an average target price of $68.20.
Shares of ENR opened at $60.52 on Tuesday. The stock has a market cap of $3.51 billion, a PE ratio of 20.31, a P/E/G ratio of 2.25 and a beta of 0.81. The company has a debt-to-equity ratio of 20.43, a quick ratio of 1.31 and a current ratio of 1.82. Energizer Holdings Inc has a 1-year low of $40.64 and a 1-year high of $65.57.
Energizer (NYSE:ENR) last announced its earnings results on Wednesday, August 1st. The company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $392.80 million for the quarter, compared to analyst estimates of $389.13 million. Energizer had a net margin of 6.98% and a return on equity of 359.49%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. Research analysts expect that Energizer Holdings Inc will post 3.36 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Thursday, August 16th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, August 15th. Energizer’s payout ratio is 38.93%.