Allen Wealth Management LLC Invests $1.02 Million in Energizer Holdings, Inc. (NYSE:ENR)

Allen Wealth Management LLC bought a new position in Energizer Holdings, Inc. (NYSE:ENR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 32,246 shares of the company’s stock, valued at approximately $1,022,000. Energizer makes up 1.0% of Allen Wealth Management LLC’s portfolio, making the stock its 27th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of ENR. FMR LLC raised its position in Energizer by 28.2% in the 3rd 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 last quarter. Vanguard Group Inc. raised its position in Energizer by 13.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after purchasing an additional 1,126,158 shares during the last quarter. Norges Bank bought a new position in Energizer in the 4th quarter worth approximately $16,559,000. Invesco Ltd. raised its position in Energizer by 67.7% in the 3rd quarter. Invesco Ltd. now owns 379,120 shares of the company’s stock worth $12,147,000 after purchasing an additional 153,047 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in Energizer in the 4th quarter worth approximately $3,629,000. 93.74% of the stock is owned by institutional investors and hedge funds.

Energizer Stock Down 0.9 %

ENR stock traded down $0.26 during trading hours on Friday, reaching $28.42. 397,555 shares of the stock were exchanged, compared to its average volume of 514,112. The firm’s 50-day moving average is $28.84 and its 200-day moving average is $30.01. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 23.88 and a beta of 1.01. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $37.32.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. The company had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a return on equity of 119.16% and a net margin of 2.97%. Energizer’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. On average, equities research analysts expect that Energizer Holdings, Inc. will post 3.22 earnings per share for the current year.

Energizer Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays dropped their target price on shares of Energizer from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price for the company in a research report on Wednesday, May 8th. UBS Group upped their target price on shares of Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Truist Financial dropped their target price on shares of Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Finally, Canaccord Genuity Group dropped their target price on shares of Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Energizer has a consensus rating of “Hold” and a consensus target price of $32.57.

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.