JPMorgan Chase & Co. Has Lowered Expectations for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its target price decreased by JPMorgan Chase & Co. from $39.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on ENR. Canaccord Genuity Group raised their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Morgan Stanley raised 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. Finally, Truist Financial boosted their price objective on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.38.

Energizer Stock Up 0.9 %

ENR stock opened at $35.26 on Thursday. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The company’s 50 day simple moving average is $36.10 and its 200-day simple moving average is $32.61. Energizer has a 12 month low of $26.92 and a 12 month high of $39.51. The firm has a market capitalization of $2.54 billion, a PE ratio of 67.81 and a beta of 1.07.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.40%. Energizer’s payout ratio is 230.77%.

Insiders Place Their Bets

In related 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 owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This represents a 29.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock valued at $334,694 over the last quarter. Company insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Energizer

Several institutional investors have recently bought and sold shares of the business. Clarkston Capital Partners LLC lifted its holdings in shares of 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 acquiring an additional 533,831 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after purchasing an additional 19,836 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after purchasing an additional 240,402 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Energizer by 4.6% in the third quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock valued at $27,369,000 after buying an additional 37,713 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of Energizer by 56.5% in the third 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. 93.74% of the stock is currently 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.