Energizer (NYSE:ENR) Lowered to “Equal Weight” Rating by Barclays

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

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

Energizer Price Performance

ENR stock opened at $38.30 on Wednesday. The firm has a 50 day moving average of $32.36 and a 200-day moving average of $30.68. Energizer has a 12-month low of $26.92 and a 12-month high of $39.21. The company has a current ratio of 1.80, a quick ratio of 1.01 and a debt-to-equity ratio of 23.51. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 73.66 and a beta of 1.04.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio is presently 230.77%.

Insiders Place Their Bets

In related news, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the sale, the executive vice president now directly owns 9,827 shares in the company, valued at $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Energizer

Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 worth $125,000 after purchasing an additional 919 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Energizer by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 14,343 shares of the company’s stock worth $422,000 after purchasing an additional 1,001 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Energizer by 21.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,770 shares of the company’s stock worth $729,000 after purchasing an additional 4,310 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Energizer in the 1st quarter worth approximately $297,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Energizer by 31.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock worth $3,172,000 after purchasing an additional 25,732 shares during 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.