NewSquare Capital LLC increased its holdings in Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 110.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,892 shares of the company’s stock after acquiring an additional 122,530 shares during the quarter. NewSquare Capital LLC owned approximately 0.34% of Energizer worth $5,822,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc bought a new stake in shares of Energizer in the 3rd quarter valued at about $29,000. Huntington National Bank boosted its stake in shares of Energizer by 1,836.1% during the third quarter. Huntington National Bank now owns 1,181 shares of the company’s stock valued at $29,000 after purchasing an additional 1,120 shares in the last quarter. Versant Capital Management Inc increased its holdings in Energizer by 92.4% during the third quarter. Versant Capital Management Inc now owns 1,233 shares of the company’s stock valued at $31,000 after buying an additional 592 shares during the period. Hantz Financial Services Inc. lifted its holdings in Energizer by 967.1% during the second quarter. Hantz Financial Services Inc. now owns 1,782 shares of the company’s stock worth $36,000 after buying an additional 1,615 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Energizer by 93.8% during the third quarter. Smartleaf Asset Management LLC now owns 1,992 shares of the company’s stock worth $50,000 after buying an additional 964 shares during the period. 93.74% of the stock is owned by hedge funds and other institutional investors.
Energizer Price Performance
Shares of NYSE ENR opened at $19.03 on Thursday. Energizer Holdings, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $31.78. The company has a market cap of $1.30 billion, a PE ratio of 6.41 and a beta of 0.64. The company has a debt-to-equity ratio of 23.49, a quick ratio of 1.07 and a current ratio of 1.99. The business has a 50-day simple moving average of $21.37 and a two-hundred day simple moving average of $23.05.
Energizer Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.3%. Energizer’s payout ratio is 40.40%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Zacks Research upgraded Energizer from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. UBS Group set a $25.00 price objective on Energizer and gave the company a “neutral” rating in a research report on Friday, February 6th. Morgan Stanley set a $24.00 target price on shares of Energizer in a report on Monday, February 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Energizer in a report on Monday, December 29th. Finally, Barclays set a $22.00 price objective on shares of Energizer in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Energizer currently has a consensus rating of “Hold” and an average target price of $25.29.
View Our Latest Stock Report on Energizer
About Energizer
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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