Pinnacle Associates Ltd. Decreases Stock Position in Energizer Holdings, Inc. $ENR

Pinnacle Associates Ltd. reduced its position in Energizer Holdings, Inc. (NYSE:ENR) by 37.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,375 shares of the company’s stock after selling 27,877 shares during the period. Pinnacle Associates Ltd. owned about 0.07% of Energizer worth $955,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ENR. Caitong International Asset Management Co. Ltd raised its holdings in Energizer by 108.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company’s stock worth $33,000 after acquiring an additional 579 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Energizer by 967.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,782 shares of the company’s stock worth $36,000 after acquiring an additional 1,615 shares during the last quarter. Blue Trust Inc. raised its holdings in Energizer by 38.9% in the 2nd quarter. Blue Trust Inc. now owns 1,883 shares of the company’s stock worth $38,000 after acquiring an additional 527 shares during the last quarter. GAMMA Investing LLC raised its holdings in Energizer by 306.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,563 shares of the company’s stock worth $52,000 after acquiring an additional 1,933 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in Energizer by 50.0% in the 2nd quarter. Central Pacific Bank Trust Division now owns 3,300 shares of the company’s stock worth $67,000 after acquiring an additional 1,100 shares during the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Trading Up 0.2%

Shares of ENR stock opened at $23.27 on Tuesday. Energizer Holdings, Inc. has a 1 year low of $19.70 and a 1 year high of $39.51. The firm has a fifty day moving average price of $26.15 and a 200-day moving average price of $24.68. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 6.71 and a beta of 0.63.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.64 earnings per share (EPS) for the quarter. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The firm had revenue of $684.10 million during the quarter. As a group, equities analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial lifted their target price on shares of Energizer from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of Energizer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. UBS Group cut their target price on shares of Energizer from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Barclays lifted their target price on shares of Energizer from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Energizer from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Energizer presently has an average rating of “Hold” and a consensus target price of $31.00.

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.