Wedge Capital Management L L P NC Has $1.44 Million Position in Energizer Holdings, Inc. (NYSE:ENR)

Wedge Capital Management L L P NC boosted its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,451 shares of the company’s stock after buying an additional 4,839 shares during the period. Wedge Capital Management L L P NC’s holdings in Energizer were worth $1,444,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ENR. Victory Capital Management Inc. boosted its stake in Energizer by 192.5% during the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after buying an additional 245,285 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after buying an additional 240,402 shares in the last quarter. M&G Plc acquired a new stake in Energizer during the first quarter worth $5,174,000. Vanguard Group Inc. boosted 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 valued at $297,115,000 after purchasing an additional 79,940 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Energizer by 155.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company’s stock valued at $3,827,000 after purchasing an additional 78,895 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Performance

Energizer stock opened at $32.29 on Thursday. The stock has a 50-day simple moving average of $30.49 and a 200 day simple moving average of $29.68. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $36.72. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 27.13 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. On average, research analysts anticipate that Energizer Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, August 22nd. Energizer’s dividend payout ratio is 100.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Wednesday, August 7th. Evercore ISI reduced their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Barclays boosted their target price on shares of Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and boosted their target price for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Energizer has an average rating of “Hold” and a consensus price target of $35.00.

Energizer Company 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.