Energizer (NYSE:ENR) Rating Increased to Buy at StockNews.com

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

ENR has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Canaccord Genuity Group lifted their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Truist Financial upped their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. Finally, UBS Group dropped their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.38.

Energizer Price Performance

Shares of NYSE ENR opened at $33.95 on Monday. The stock has a market capitalization of $2.45 billion, a PE ratio of 65.29 and a beta of 1.06. Energizer 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 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The business has a fifty day moving average price of $35.83 and a two-hundred day moving average price of $33.05.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Thursday, February 20th. Energizer’s dividend payout ratio is currently 230.77%.

Insider Buying and Selling

In other news, VP Sara B. Hampton sold 2,812 shares of the firm’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 owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. This represents a 25.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock worth $334,694 in the last ninety days. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Energizer

A number of hedge funds have recently made changes to their positions in the stock. Clarkston Capital Partners LLC increased its position in Energizer by 12.6% during the 3rd 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. Verition Fund Management LLC raised its stake in Energizer by 56.5% during the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after buying an additional 190,195 shares during the last quarter. Zacks Investment Management acquired a new position in Energizer in the third quarter valued at $3,910,000. KBC Group NV boosted its position in Energizer by 5,308.0% during the fourth quarter. KBC Group NV now owns 89,664 shares of the company’s stock valued at $3,128,000 after acquiring an additional 88,006 shares during the last quarter. Finally, Profit Investment Management LLC acquired a new stake in Energizer during the 3rd quarter worth about $2,238,000. 93.74% of the stock is currently owned by institutional investors.

Energizer Company 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.