StockNews.com Upgrades Energizer (NYSE:ENR) to Buy

StockNews.com upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a research note released on Thursday.

A number of other analysts have also recently weighed in on the company. Morgan Stanley raised their price target on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Truist Financial upped their price target on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Canaccord Genuity Group raised their price objective on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and upped their target price for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Energizer has an average rating of “Hold” and a consensus price target of $37.63.

Energizer Trading Down 2.7 %

Shares of NYSE:ENR opened at $34.81 on Thursday. The company has a market cap of $2.50 billion, a PE ratio of 66.94 and a beta of 1.06. The company’s 50 day moving average is $35.94 and its two-hundred day moving average is $32.48. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. Energizer’s payout ratio is 230.77%.

Insider Activity at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at $207,115.26. This trade represents a 25.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock worth $334,694 in the last 90 days. 0.77% of the stock is owned by insiders.

Institutional Trading of Energizer

Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after acquiring an additional 19,836 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Energizer during the 3rd quarter worth $584,000. Seizert Capital Partners LLC increased its holdings in shares of Energizer by 29.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after purchasing an additional 40,891 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in shares of Energizer by 12.6% in the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in Energizer by 6.1% during the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after buying an additional 22,100 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.