Balyasny Asset Management L.P. Purchases 218,759 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Balyasny Asset Management L.P. lifted its position in Energizer Holdings, Inc. (NYSE:ENR) by 427.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,901 shares of the company’s stock after acquiring an additional 218,759 shares during the quarter. Balyasny Asset Management L.P. owned 0.37% of Energizer worth $9,417,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after buying an additional 753 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Energizer by 21.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock worth $71,000 after buying an additional 360 shares during the period. R Squared Ltd bought a new stake in Energizer during the 4th quarter valued at $82,000. Finally, Hager Investment Management Services LLC bought a new stake in Energizer during the 4th quarter valued at $102,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Price Performance

Shares of ENR opened at $21.54 on Friday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The company’s fifty day moving average price is $27.82 and its 200-day moving average price is $32.11. Energizer Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $39.52. The firm has a market capitalization of $1.56 billion, a PE ratio of 27.27 and a beta of 0.77.

Energizer (NYSE:ENR) last announced its quarterly earnings data 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). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. During the same period in the prior year, the company posted $0.72 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Wednesday, May 21st. Energizer’s dividend payout ratio (DPR) is currently 164.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial decreased their price objective on Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. UBS Group cut their price target on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Barclays reduced their price target on Energizer from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.50.

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.