Truist Financial Issues Positive Forecast for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its target price increased by Truist Financial from $40.00 to $45.00 in a report issued on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on ENR. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $34.00 to $36.00 in a research note on Wednesday. Canaccord Genuity Group increased their price objective on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Morgan Stanley upped their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Energizer currently has an average rating of “Hold” and an average target price of $37.63.

Energizer Trading Up 1.1 %

Shares of ENR stock opened at $37.67 on Wednesday. The stock has a 50-day simple moving average of $31.99 and a 200 day simple moving average of $30.57. The stock has a market capitalization of $2.70 billion, a P/E ratio of 269.09 and a beta of 1.04. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $39.21. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 857.20%.

Insider Buying and Selling at Energizer

In other news, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the sale, the executive vice president now owns 5,758 shares in the company, valued at approximately $207,115.26. This represents a 25.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clarkston Capital Partners LLC boosted its holdings in Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after acquiring an additional 533,831 shares during the period. LSV Asset Management increased its position in Energizer by 2.0% during the second quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock worth $47,456,000 after acquiring an additional 31,900 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Energizer by 5.8% during the first quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock valued at $38,564,000 after buying an additional 71,595 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Energizer by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock worth $29,651,000 after acquiring an additional 15,982 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Energizer by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after purchasing an additional 19,836 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.