Energizer (NYSE:ENR) Given New $38.00 Price Target at JPMorgan Chase & Co.

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

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

Energizer Stock Up 0.0 %

Shares of NYSE ENR opened at $35.29 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The firm has a 50-day moving average price of $36.14 and a 200 day moving average price of $32.67. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 67.87 and a beta of 1.07.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.40%. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insider Transactions at Energizer

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of Energizer 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 transaction, the vice president now directly owns 4,635 shares of the company’s stock, 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 accessible through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of Energizer 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 transaction, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their ownership of the stock. 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 ninety days. 0.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Energizer by 1.6% in the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after purchasing an additional 308 shares during the period. GAMMA Investing LLC boosted its stake in shares of 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 period. Avior Wealth Management LLC boosted its stake in shares of Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after purchasing an additional 376 shares during the period. Eagle Bluffs Wealth Management LLC boosted its stake in shares of Energizer by 1.2% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 42,986 shares of the company’s stock valued at $1,365,000 after purchasing an additional 508 shares during the period. Finally, SkyView Investment Advisors LLC boosted its stake in shares of Energizer by 2.9% in the third quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock valued at $583,000 after purchasing an additional 513 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

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.