Brevan Howard Capital Management LP Lowers Stake in Energizer Holdings, Inc. (NYSE:ENR)

Brevan Howard Capital Management LP lessened its position in Energizer Holdings, Inc. (NYSE:ENR) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,238 shares of the company’s stock after selling 2,110 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Energizer were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Inspire Investing LLC raised its holdings in shares of Energizer by 166.3% during the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after buying an additional 21,667 shares in the last quarter. Vista Investment Partners LLC bought a new stake in shares of Energizer in the 4th quarter worth approximately $553,000. Smartleaf Asset Management LLC boosted its stake in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares in the last quarter. KBC Group NV grew its holdings in shares of Energizer by 5,308.0% during the 4th quarter. KBC Group NV now owns 89,664 shares of the company’s stock valued at $3,128,000 after purchasing an additional 88,006 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Energizer by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock worth $35,695,000 after purchasing an additional 80,163 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Trading Down 2.7 %

NYSE:ENR opened at $21.54 on Friday. Energizer Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $39.52. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The company has a 50-day moving average price of $27.82 and a 200-day moving average price of $32.11. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 27.27 and a beta of 0.77.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. During the same quarter last year, the company posted $0.72 EPS. Energizer’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Wednesday, May 21st. Energizer’s payout ratio is 164.38%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group reduced their price objective on Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday. Truist Financial reduced their price target on Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays dropped their price objective on Energizer from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, UBS Group dropped their price target on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday. Seven equities research 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, Energizer has a consensus rating of “Hold” and a consensus price target of $31.50.

About Energizer

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.