Affinity Wealth Management Acquires Shares of 6,400 Energizer Holdings Inc (ENR)
Affinity Wealth Management acquired a new position in shares of Energizer Holdings Inc (NYSE:ENR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,400 shares of the company’s stock, valued at approximately $295,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Energizer by 29.7% during the second quarter. BlackRock Inc. now owns 6,819,769 shares of the company’s stock worth $327,486,000 after buying an additional 1,561,447 shares during the period. Vanguard Group Inc. boosted its stake in Energizer by 0.6% during the second quarter. Vanguard Group Inc. now owns 5,221,575 shares of the company’s stock worth $250,740,000 after buying an additional 28,652 shares during the period. JPMorgan Chase & Co. boosted its stake in Energizer by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 3,804,646 shares of the company’s stock worth $174,519,000 after buying an additional 299,862 shares during the period. Neuberger Berman Group LLC boosted its stake in Energizer by 10.0% during the second quarter. Neuberger Berman Group LLC now owns 2,688,833 shares of the company’s stock worth $129,118,000 after buying an additional 244,332 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Energizer by 77.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,498 shares of the company’s stock worth $90,972,000 after buying an additional 863,371 shares during the period. 97.23% of the stock is owned by institutional investors.
Shares of Energizer Holdings Inc (NYSE ENR) opened at $48.04 on Monday. Energizer Holdings Inc has a 52-week low of $40.64 and a 52-week high of $60.07. The firm has a market capitalization of $2,876.79, a price-to-earnings ratio of 16.12, a PEG ratio of 1.60 and a beta of 0.59. The company has a debt-to-equity ratio of 11.50, a quick ratio of 1.21 and a current ratio of 1.75.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a $0.29 dividend. This is an increase from Energizer’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Wednesday, November 29th. Energizer’s payout ratio is presently 36.02%.
ENR has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $54.00 price objective on shares of Energizer in a research note on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Energizer in a research note on Wednesday, August 16th. Off Wall Street initiated coverage on Energizer in a research report on Monday, October 30th. They set a “sell” rating for the company. Morgan Stanley decreased their target price on Energizer from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Finally, Zacks Investment Research downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Energizer presently has an average rating of “Hold” and an average target price of $51.88.
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Energizer Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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