Energizer (NYSE:ENR) Earns Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Energizer (NYSE:ENR) in a report published on Thursday,Benzinga reports. The firm currently has a $38.00 target price on the stock.

Several other research analysts also recently weighed in on ENR. JPMorgan Chase & Co. lowered their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. UBS Group cut their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Morgan Stanley lifted their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, Truist Financial boosted their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.38.

Energizer Trading Up 1.7 %

NYSE ENR opened at $34.17 on Thursday. The firm’s fifty day moving average is $36.01 and its two-hundred day moving average is $32.96. Energizer has a one year low of $26.92 and a one year high of $39.51. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. The firm has a market cap of $2.46 billion, a PE ratio of 65.70 and a beta of 1.07.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.51%. Energizer’s payout ratio is 230.77%.

Insider Activity

In other news, VP Sara B. Hampton sold 2,812 shares of Energizer 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $207,115.26. The trade was a 25.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock worth $334,694 over the last 90 days. 0.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased 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 during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Energizer during the 3rd quarter valued at about $30,000. Quarry LP acquired a new position in shares of Energizer during the 3rd quarter valued at about $39,000. Prospera Private Wealth LLC purchased a new position in shares of Energizer during the 3rd quarter worth about $42,000. Finally, Central Pacific Bank Trust Division boosted its position in shares of Energizer by 750.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $59,000 after acquiring an additional 1,500 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.