Bridgewater Associates LP Sells 14,767 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Bridgewater Associates LP reduced its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 30.8% in the third quarter, HoldingsChannel.com reports. The fund owned 33,224 shares of the company’s stock after selling 14,767 shares during the quarter. Bridgewater Associates LP’s holdings in Energizer were worth $1,055,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ENR. Price T Rowe Associates Inc. MD lifted its holdings in shares of Energizer by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,068 shares of the company’s stock worth $1,386,000 after acquiring an additional 2,536 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Energizer by 220.3% during the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock worth $880,000 after acquiring an additional 20,567 shares during the last quarter. Comerica Bank lifted its holdings in shares of Energizer by 16.0% during the 1st quarter. Comerica Bank now owns 60,595 shares of the company’s stock worth $1,784,000 after acquiring an additional 8,366 shares during the last quarter. M&G Plc lifted its stake in Energizer by 33.0% in the second quarter. M&G Plc now owns 237,337 shares of the company’s stock worth $7,120,000 after purchasing an additional 58,933 shares during the last quarter. Finally, Welch Group LLC bought a new stake in Energizer in the second quarter worth $207,000. 93.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com raised shares of Energizer from a “hold” rating to a “buy” rating in a research note on Tuesday, November 26th. Truist Financial boosted their price target on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley boosted their price target on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Evercore ISI lowered their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $34.00 to $36.00 in a research note 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.63.

Insider Activity at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of the business’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 owns 5,758 shares in the company, valued at $207,115.26. The trade was a 25.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 over the last 90 days. 0.77% of the stock is owned by company insiders.

Energizer Price Performance

ENR stock opened at $38.11 on Monday. Energizer Holdings, Inc. 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 1.00 and a debt-to-equity ratio of 23.51. The firm’s 50-day moving average price is $33.28 and its two-hundred day moving average price is $30.99. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 73.29 and a beta of 1.04.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio is currently 230.77%.

Energizer 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.