Energizer (NYSE:ENR) Cut to Equal Weight at Barclays

Barclays lowered shares of Energizer (NYSE:ENR) from an overweight rating to an equal weight rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The firm currently has $36.00 price objective on the stock, up from their previous price objective of $34.00.

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

Energizer Price Performance

ENR opened at $38.31 on Wednesday. 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 stock has a market capitalization of $2.75 billion, a P/E ratio of 73.66 and a beta of 1.04. The company’s 50-day simple moving average is $32.17 and its two-hundred day simple moving average is $30.62. Energizer has a 52-week low of $26.92 and a 52-week high of $39.21.

Energizer Announces Dividend

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

Insider Buying and Selling

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were 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 of the company’s stock, valued at $374,998.32. This trade represents a 29.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energizer

A number of institutional investors have recently added to or reduced their stakes in ENR. Clarkston Capital Partners LLC grew its holdings in Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after buying an additional 533,831 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Energizer by 192.5% during the 2nd quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock valued at $11,009,000 after buying an additional 245,285 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after buying an additional 240,402 shares in the last quarter. Verition Fund Management LLC grew its holdings in Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after buying an additional 190,195 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in Energizer during the 3rd quarter valued at approximately $3,910,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

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.