Teza Capital Management LLC Makes New $462,000 Investment in Energizer Holdings, Inc. (NYSE:ENR)

Teza Capital Management LLC purchased a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,255 shares of the company’s stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ENR. Millennium Management LLC boosted its position in Energizer by 66.7% in the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company’s stock valued at $43,265,000 after buying an additional 496,146 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Energizer during the 4th quarter valued at $11,718,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Energizer during the 4th quarter valued at $7,685,000. Balyasny Asset Management L.P. grew its position in Energizer by 427.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company’s stock worth $9,417,000 after acquiring an additional 218,759 shares during the last quarter. Finally, Norges Bank acquired a new position in Energizer in the 4th quarter worth about $7,277,000. Institutional investors own 93.74% of the company’s stock.

Insider Transactions at Energizer

In other news, Director Patrick J. Moore purchased 10,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $23.10 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at approximately $346,500. The trade was a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Stephen Lavigne acquired 4,000 shares of Energizer stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $21.67 per share, with a total value of $86,680.00. Following the purchase, the chief executive officer now directly owns 277,645 shares of the company’s stock, valued at approximately $6,016,567.15. This trade represents a 1.46% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 15,000 shares of company stock valued at $341,540 in the last quarter. 0.98% of the stock is currently owned by company insiders.

Energizer Price Performance

Shares of NYSE ENR opened at $23.85 on Tuesday. The company has a market capitalization of $1.72 billion, a PE ratio of 30.19 and a beta of 0.77. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. Energizer Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $39.52. The firm has a fifty day simple moving average of $26.99 and a 200 day simple moving average of $31.73.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. During the same period last year, the business posted $0.72 earnings per share. The business’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Wednesday, May 21st. Energizer’s dividend payout ratio (DPR) is 164.38%.

Analyst Ratings Changes

A number of brokerages have recently commented on ENR. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Truist Financial dropped their price objective on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Barclays boosted their target price on shares of Energizer from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday. UBS Group dropped their price target on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Energizer has an average rating of “Hold” and a consensus price target of $31.63.

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.