M&T Bank Corp Cuts Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

M&T Bank Corp reduced its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,518 shares of the company’s stock after selling 2,317 shares during the period. M&T Bank Corp’s holdings in Energizer were worth $611,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after buying an additional 356 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Energizer in the third quarter valued at approximately $30,000. Quarry LP purchased a new stake in shares of Energizer in the third quarter valued at approximately $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Energizer in the third quarter valued at approximately $42,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Energizer by 94.0% in the fourth 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. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Trading Down 3.4 %

Shares of Energizer stock opened at $29.45 on Thursday. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 37.28 and a beta of 1.09. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $39.51. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The stock has a 50 day moving average of $32.81 and a 200 day moving average of $33.24.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $731.70 million for the quarter, compared to analysts’ expectations of $726.23 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is 151.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group upped their price target on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Truist Financial upped their price target on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley increased their price objective on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.38.

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.