Gamco Investors INC. ET AL lessened its position in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 1.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,865,365 shares of the company’s stock after selling 34,222 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Energizer were worth $46,429,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc purchased a new position in shares of Energizer in the 3rd quarter worth about $29,000. Huntington National Bank grew its holdings in shares of Energizer by 1,836.1% during the 3rd quarter. Huntington National Bank now owns 1,181 shares of the company’s stock worth $29,000 after purchasing an additional 1,120 shares during the period. Versant Capital Management Inc grew its holdings in shares of Energizer by 92.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,233 shares of the company’s stock worth $31,000 after purchasing an additional 592 shares during the period. Hantz Financial Services Inc. increased its position in Energizer by 967.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,782 shares of the company’s stock worth $36,000 after purchasing an additional 1,615 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Energizer by 93.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,992 shares of the company’s stock worth $50,000 after purchasing an additional 964 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.
Energizer Stock Performance
Energizer stock opened at $19.31 on Friday. The firm has a market capitalization of $1.32 billion, a PE ratio of 6.50 and a beta of 0.64. Energizer Holdings, Inc. has a one year low of $16.77 and a one year high of $31.78. The stock’s 50 day moving average price is $21.33 and its 200 day moving average price is $22.96. The company has a debt-to-equity ratio of 23.49, a quick ratio of 1.07 and a current ratio of 1.99.
Energizer Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, February 18th. Energizer’s dividend payout ratio (DPR) is presently 40.40%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on ENR shares. Evercore set a $28.00 price target on shares of Energizer in a research report on Tuesday, February 10th. Zacks Research raised shares of Energizer from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Morgan Stanley set a $24.00 target price on shares of Energizer in a research note on Monday, February 9th. UBS Group set a $25.00 target price on shares of Energizer and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Canaccord Genuity Group set a $19.00 price target on shares of Energizer in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.29.
Check Out Our Latest Research Report on Energizer
Energizer Company Profile
Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.
Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.
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