Energizer Holdings, Inc. $ENR Shares Sold by M&G PLC

M&G PLC trimmed its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 491,918 shares of the company’s stock after selling 29,949 shares during the period. M&G PLC’s holdings in Energizer were worth $10,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Energizer during the 2nd quarter valued at $201,796,000. Gamco Investors INC. ET AL lifted its holdings in shares of Energizer by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 2,060,431 shares of the company’s stock valued at $33,832,000 after purchasing an additional 16,637 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Energizer in the second quarter valued at $22,040,000. Wellington Management Group LLP boosted its position in shares of Energizer by 14.0% in the second quarter. Wellington Management Group LLP now owns 987,730 shares of the company’s stock worth $21,177,000 after buying an additional 121,676 shares during the period. Finally, MAC Alpha Capital Management LP boosted its position in shares of Energizer by 17.8% in the second quarter. MAC Alpha Capital Management LP now owns 644,967 shares of the company’s stock worth $13,829,000 after buying an additional 97,259 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ENR has been the topic of a number of research analyst reports. Barclays lifted their price target on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. UBS Group set a $22.00 price objective on Energizer in a research note on Thursday, October 15th. Canaccord Genuity Group decreased their price objective on Energizer from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, October 23rd. Finally, Morgan Stanley restated a “negative” rating and set a $21.00 price objective on shares of Energizer in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Energizer has an average rating of “Reduce” and an average price target of $21.50.

Energizer Price Performance

Shares of ENR opened at $24.82 on Wednesday. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07. The firm has a market cap of $1.70 billion, a PE ratio of 8.22 and a beta of 0.83. The firm’s 50 day moving average price is $22.06 and its 200 day moving average price is $20.55. Energizer Holdings, Inc. has a twelve month low of $15.75 and a twelve month high of $25.83.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Tuesday, November 24th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 24th. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. Energizer’s dividend payout ratio is 101.69%.

Energizer Company Profile

Energizer Holdings, Inc. develops, manufactures and markets batteries, portable lighting and automotive care products. Its battery offerings include alkaline, lithium, rechargeable and specialty batteries for consumer and commercial uses. The company sells products under brands including Energizer, Eveready and Rayovac. Its automotive care portfolio includes Armor All, STP and A/C Pro products, such as cleaners, protectants and vehicle maintenance items. Headquartered in St. Louis, Missouri, Energizer serves customers in North America and international markets through retail, e-commerce and other sales channels.