Energizer (NYSE:ENR) Upgraded to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Energizer (NYSE:ENR) from an underweight rating to a neutral rating in a research note released on Wednesday morning, MarketBeat reports. They currently have $39.00 price target on the stock, up from their prior price target of $32.00.

ENR has been the topic of several other reports. Barclays lifted their price target on shares of Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and upped their target price for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. Evercore ISI decreased their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and two have given 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 $37.63.

Energizer Stock Up 0.6 %

Shares of Energizer stock opened at $38.30 on Wednesday. The firm has a market cap of $2.75 billion, a PE ratio of 73.66 and a beta of 1.04. Energizer has a 52-week low of $26.92 and a 52-week high of $39.21. The business’s 50 day simple moving average is $32.36 and its 200 day simple moving average is $30.68. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.01 and a current ratio of 1.80.

Energizer Dividend Announcement

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

Insider Transactions at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

Hedge funds and other institutional investors have recently made changes to their positions in the business. Neo Ivy Capital Management acquired a new stake in Energizer during the third quarter worth approximately $30,000. Clearstead Trust LLC raised its holdings in shares of Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after buying an additional 820 shares in the last quarter. Quarry LP bought a new stake in shares of Energizer during the 3rd quarter worth $39,000. Prospera Private Wealth LLC acquired a new stake in Energizer in the third quarter valued at about $42,000. Finally, Avior Wealth Management LLC grew its position in 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 during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.