Principal Financial Group Inc. Has $27.37 Million Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Principal Financial Group Inc. raised its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 861,755 shares of the company's stock after buying an additional 37,713 shares during the quarter. Principal Financial Group Inc. owned about 1.20% of Energizer worth $27,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ENR. Clearstead Trust LLC lifted its holdings in Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company's stock worth $32,000 after buying an additional 820 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Energizer during the 2nd quarter valued at approximately $65,000. SG Americas Securities LLC increased its stake in Energizer by 27.7% in the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company's stock valued at $125,000 after purchasing an additional 919 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Energizer by 2,650.0% in the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company's stock valued at $135,000 after acquiring an additional 4,399 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Energizer in the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 93.74% of the company's stock.

Energizer Stock Performance

ENR traded down $0.38 during trading hours on Wednesday, hitting $33.40. The company's stock had a trading volume of 130,489 shares, compared to its average volume of 560,710. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $36.72. The company has a 50-day simple moving average of $31.42 and a 200 day simple moving average of $30.32. The firm has a market capitalization of $2.40 billion, a PE ratio of 237.87 and a beta of 1.04.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Wednesday, November 27th. Energizer's dividend payout ratio is presently 857.20%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ENR. Royal Bank of Canada reiterated a "sector perform" rating and set a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Energizer from $29.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, October 11th. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a research note on Monday, October 14th. Truist Financial raised Energizer from a "hold" rating to a "buy" rating and boosted their price target for the company from $30.00 to $40.00 in a research report on Tuesday, August 27th. Finally, Evercore ISI cut their price objective on Energizer from $42.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Energizer currently has an average rating of "Hold" and a consensus target price of $35.00.

Energizer 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.