Energizer (NYSE:ENR) Rating Increased 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 report released on Wednesday, MarketBeat.com reports. The firm currently has $39.00 price objective on the stock, up from their previous price objective of $32.00.

A number of other brokerages have also recently issued reports on ENR. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. Barclays boosted their price target on Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. Evercore ISI cut their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Energizer presently has a consensus rating of “Hold” and an average target price of $37.63.

Energizer Trading Up 1.1 %

Shares of NYSE ENR opened at $37.67 on Wednesday. Energizer has a 1 year low of $26.92 and a 1 year high of $39.21. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. The firm has a 50-day moving average of $31.99 and a 200 day moving average of $30.57. The stock has a market cap of $2.70 billion, a P/E ratio of 269.09 and a beta of 1.04.

Energizer Announces Dividend

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

Insider Transactions at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE lifted its holdings in shares of Energizer by 1.6% in the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after acquiring an additional 308 shares during the last quarter. Capital Insight Partners LLC increased its position in shares of Energizer by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock valued at $392,000 after purchasing an additional 330 shares during the last quarter. Arizona State Retirement System raised its holdings in Energizer by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock valued at $564,000 after buying an additional 353 shares during the period. Avior Wealth Management LLC lifted 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 worth $65,000 after buying an additional 376 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in Energizer by 0.3% during the second quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock worth $3,382,000 after buying an additional 382 shares during the period. Institutional investors own 93.74% of the company’s stock.

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.