NewSquare Capital LLC Sells 670 Shares of Energizer Holdings, Inc. (NYSE:ENR)

NewSquare Capital LLC decreased its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 0.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,766 shares of the company’s stock after selling 670 shares during the period. NewSquare Capital LLC owned about 0.15% of Energizer worth $3,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ENR. Barclays PLC lifted its position in shares of Energizer by 100.9% during the third quarter. Barclays PLC now owns 139,890 shares of the company’s stock valued at $4,443,000 after buying an additional 70,254 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Energizer by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock valued at $31,204,000 after purchasing an additional 32,618 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Energizer by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock worth $335,000 after purchasing an additional 392 shares in the last quarter. Ieq Capital LLC purchased a new stake in Energizer during the 4th quarter worth approximately $212,000. Finally, Bank of New York Mellon Corp increased its stake in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after purchasing an additional 80,163 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insider Buying and Selling at Energizer

In other Energizer news, CEO Mark Stephen Lavigne purchased 4,000 shares of the business’s stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the purchase, the chief executive officer now directly owns 277,645 shares in the company, valued at approximately $6,016,567.15. This represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donal L. Mulligan purchased 10,000 shares of the business’s stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $236,600. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 25,000 shares of company stock valued at $578,140 over the last quarter. 0.98% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group reduced their target price on Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Barclays raised their price objective on Energizer from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, May 16th. Truist Financial decreased their target price on Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.63.

Energizer Trading Up 1.7%

Shares of ENR stock opened at $22.43 on Monday. Energizer Holdings, Inc. has a fifty-two week low of $21.41 and a fifty-two week high of $39.52. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The stock’s fifty day moving average is $25.02 and its two-hundred day moving average is $30.59. The firm has a market capitalization of $1.62 billion, a P/E ratio of 28.39 and a beta of 0.68.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. Research analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 5.35%. Energizer’s dividend payout ratio (DPR) is presently 164.38%.

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.