Energizer (NYSE:ENR) Stock Rating Lowered by Barclays

Barclays lowered shares of Energizer (NYSE:ENR) from an overweight rating to an equal weight rating in a research report report published on Wednesday, MarketBeat Ratings reports. Barclays currently has $36.00 target price on the stock, up from their prior target price of $34.00.

Other research analysts have also issued reports about the stock. Truist Financial raised shares of Energizer from a “hold” rating to a “buy” rating and raised their target price for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. Evercore ISI lowered their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $32.00 to $39.00 in a research report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Energizer has a consensus rating of “Hold” and an average price target of $37.63.

Energizer Trading Up 0.6 %

ENR stock opened at $38.31 on Wednesday. The firm has a fifty day moving average price of $32.17 and a 200 day moving average price of $30.62. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $39.21. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.01 and a current ratio of 1.80. The firm has a market cap of $2.75 billion, a PE ratio of 73.66 and a beta of 1.04.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. Energizer’s dividend payout ratio (DPR) is 230.77%.

Insider Transactions at Energizer

In other news, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

Institutional investors and hedge funds have recently made changes to their positions in the company. Neo Ivy Capital Management bought a new stake in shares of Energizer in the third quarter valued at about $30,000. Clearstead Trust LLC raised its holdings in shares of Energizer by 307.1% in the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after acquiring an additional 820 shares in the last quarter. Quarry LP bought a new stake in shares of Energizer in the third quarter valued at about $39,000. Prospera Private Wealth LLC bought a new stake in shares of Energizer in the third quarter valued at about $42,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after acquiring an additional 376 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.