NewSquare Capital LLC Makes New $3.78 Million Investment in Energizer Holdings, Inc. (NYSE:ENR)

NewSquare Capital LLC bought a new position in Energizer Holdings, Inc. (NYSE:ENR) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 108,436 shares of the company’s stock, valued at approximately $3,783,000.

Several other large investors have also recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Energizer by 1.6% in the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock worth $622,000 after buying an additional 308 shares during the period. GAMMA Investing LLC grew its stake in shares of Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after purchasing an additional 376 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Energizer by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock worth $335,000 after purchasing an additional 392 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Energizer by 5.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock worth $357,000 after purchasing an additional 485 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on ENR. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. Canaccord Genuity Group increased their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Truist Financial increased their price target on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.38.

Energizer Trading Down 1.1 %

Shares of NYSE ENR opened at $29.75 on Wednesday. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.51. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 37.66 and a beta of 1.06. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The business has a fifty day simple moving average of $33.40 and a 200-day simple moving average of $33.21.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. During the same period in the prior year, the business posted $0.59 earnings per share. Energizer’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s dividend payout ratio is currently 151.90%.

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.