Verition Fund Management LLC Boosts Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Verition Fund Management LLC lifted its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 56.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 526,683 shares of the company’s stock after acquiring an additional 190,195 shares during the period. Verition Fund Management LLC owned 0.73% of Energizer worth $16,727,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ENR. US Bancorp DE raised its position in shares of Energizer by 1.6% in the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company’s stock worth $622,000 after buying an additional 308 shares during the period. Capital Insight Partners LLC increased its position in Energizer by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock worth $392,000 after purchasing an additional 330 shares in the last quarter. Arizona State Retirement System raised its holdings in Energizer by 1.9% in the second quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock valued at $564,000 after buying an additional 353 shares during the period. Avior Wealth Management LLC lifted its position in Energizer by 22.4% during the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after buying an additional 376 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its stake in Energizer by 0.3% during the second quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock worth $3,382,000 after buying an additional 382 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Energizer

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the transaction, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 over the last quarter. 0.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ENR. Truist Financial upped their price target on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley boosted their target price on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and raised their price target for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Energizer currently has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Trading Down 0.4 %

NYSE ENR opened at $38.11 on Friday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 73.29 and a beta of 1.04. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.21. The company’s fifty day moving average price is $33.10 and its two-hundred day moving average price is $30.93.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s dividend payout ratio is currently 230.77%.

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.