Cutler Capital Management LLC Sells 46,190 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Cutler Capital Management LLC reduced its position in Energizer Holdings, Inc. (NYSE:ENRFree Report) by 35.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,154 shares of the company’s stock after selling 46,190 shares during the quarter. Cutler Capital Management LLC owned approximately 0.12% of Energizer worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of ENR. FMR LLC boosted its position in shares of Energizer by 28.2% in the third quarter. FMR LLC now owns 6,860,185 shares of the company’s stock worth $219,800,000 after purchasing an additional 1,508,081 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Energizer by 13.8% in the third quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after buying an additional 1,126,158 shares in the last quarter. Norges Bank purchased a new position in shares of Energizer in the fourth quarter worth $16,559,000. Invesco Ltd. lifted its holdings in shares of Energizer by 67.7% in the third quarter. Invesco Ltd. now owns 379,120 shares of the company’s stock worth $12,147,000 after buying an additional 153,047 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in shares of Energizer in the fourth quarter worth $3,629,000. 93.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ENR has been the topic of several research analyst reports. Barclays lowered their target price on shares of Energizer from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, May 9th. Canaccord Genuity Group decreased their price target on shares of Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Truist Financial decreased their price target on shares of Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. UBS Group upped their price target on shares of Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Finally, Morgan Stanley raised shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target on the stock in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.57.

Get Our Latest Stock Analysis on ENR

Energizer Trading Down 0.9 %

Shares of NYSE ENR traded down $0.26 during mid-day trading on Friday, reaching $28.42. The company had a trading volume of 397,555 shares, compared to its average volume of 514,112. The business’s 50-day moving average is $28.84 and its 200-day moving average is $30.01. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 16.86. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 23.90 and a beta of 1.01. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $37.32.

Energizer (NYSE:ENRGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The company had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $664.10 million. During the same period in the prior year, the business earned $0.64 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts expect that Energizer Holdings, Inc. will post 3.22 earnings per share for the current year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Tuesday, May 21st. Energizer’s dividend payout ratio is currently 100.84%.

Energizer Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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