Gabelli Funds LLC Sells 3,000 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Gabelli Funds LLC reduced its position in Energizer Holdings, Inc. (NYSE:ENR) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 378,950 shares of the company’s stock after selling 3,000 shares during the period. Gabelli Funds LLC owned 0.53% of Energizer worth $12,725,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ancora Advisors LLC bought a new stake in shares of Energizer in the 1st quarter valued at about $37,000. Signaturefd LLC boosted its holdings in shares of Energizer by 58.1% in the 1st quarter. Signaturefd LLC now owns 1,097 shares of the company’s stock valued at $38,000 after buying an additional 403 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Energizer by 107.4% in the 1st quarter. Captrust Financial Advisors now owns 2,014 shares of the company’s stock valued at $62,000 after buying an additional 1,043 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Energizer by 42.4% in the 1st quarter. Belpointe Asset Management LLC now owns 1,836 shares of the company’s stock valued at $64,000 after buying an additional 547 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Energizer by 32.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,939 shares of the company’s stock worth $99,000 after purchasing an additional 717 shares in the last quarter. 83.74% of the stock is currently owned by institutional investors.

Energizer Stock Performance

Shares of NYSE ENR opened at $31.48 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.11 and a debt-to-equity ratio of 15.81. Energizer Holdings, Inc. has a 12 month low of $27.68 and a 12 month high of $37.89. The company has a 50 day simple moving average of $32.31 and a two-hundred day simple moving average of $33.54. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 16.22 and a beta of 1.04.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, November 14th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. The firm had revenue of $811.10 million during the quarter, compared to analyst estimates of $794.64 million. Energizer had a net margin of 4.75% and a return on equity of 136.42%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. As a group, analysts predict that Energizer Holdings, Inc. will post 3.15 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Tuesday, November 28th. Energizer’s dividend payout ratio (DPR) is 61.86%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. JPMorgan Chase & Co. cut shares of Energizer from a “neutral” rating to an “underweight” rating and set a $33.00 target price for the company. in a research note on Wednesday, November 15th. UBS Group cut shares of Energizer from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $34.00 in a research note on Monday. Royal Bank of Canada cut shares of Energizer from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $40.00 to $38.00 in a research note on Wednesday, November 15th. Finally, Morgan Stanley cut shares of Energizer from an “equal weight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Insider Activity

In other news, EVP Robin Vauth sold 2,919 shares of Energizer stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $31.64, for a total transaction of $92,357.16. Following the completion of the transaction, the executive vice president now directly owns 3,780 shares of the company’s stock, valued at approximately $119,599.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.73% of the company’s stock.

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.