CENTRAL TRUST Co Lowers Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

CENTRAL TRUST Co reduced its stake in Energizer Holdings, Inc. (NYSE:ENR) by 11.8% during the fourth quarter, HoldingsChannel reports. The firm owned 26,557 shares of the company’s stock after selling 3,565 shares during the period. CENTRAL TRUST Co’s holdings in Energizer were worth $927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Energizer in the third quarter valued at approximately $30,000. Quarry LP bought a new position in Energizer during the third quarter valued at approximately $39,000. Prospera Private Wealth LLC bought a new position in Energizer during the third quarter valued at approximately $42,000. Finally, Central Pacific Bank Trust Division grew its position in Energizer by 750.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after acquiring an additional 1,500 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ENR. Canaccord Genuity Group increased their price target on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley increased their price target on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. UBS Group reduced their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barclays cut shares of 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 report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.38.

Insider Transactions at Energizer

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This represents a 29.29 % 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 valued at $334,694 in the last quarter. 0.98% of the stock is owned by insiders.

Energizer Stock Performance

Shares of Energizer stock opened at $33.95 on Tuesday. The business has a fifty day simple moving average of $35.83 and a two-hundred day simple moving average of $33.05. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The firm has a market capitalization of $2.45 billion, a P/E ratio of 65.29 and a beta of 1.06. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.51.

Energizer Announces Dividend

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

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.