Energizer Holdings, Inc. (NYSE:ENR – Get Rating) declared a quarterly dividend on Monday, November 7th, RTT News reports. Stockholders of record on Monday, November 28th will be paid a dividend of 0.30 per share on Friday, December 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, November 25th.
Energizer has increased its dividend payment by an average of 0.9% annually over the last three years. Energizer has a dividend payout ratio of 37.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Energizer to earn $3.44 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 34.9%.
Energizer Stock Performance
Shares of ENR stock opened at $33.04 on Thursday. The business’s fifty day simple moving average is $28.22 and its 200-day simple moving average is $29.13. The company has a market cap of $2.36 billion, a PE ratio of -10.13 and a beta of 1.02. The company has a current ratio of 2.28, a quick ratio of 1.17 and a debt-to-equity ratio of 26.79. Energizer has a 12-month low of $24.81 and a 12-month high of $41.62.
Insiders Place Their Bets
Institutional Investors Weigh In On Energizer
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its position in Energizer by 2.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 17,539 shares of the company’s stock worth $441,000 after purchasing an additional 342 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Energizer by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 86,755 shares of the company’s stock worth $2,181,000 after acquiring an additional 405 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Energizer by 11.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,919 shares of the company’s stock worth $99,000 after acquiring an additional 408 shares in the last quarter. Eaton Vance Management boosted its stake in shares of Energizer by 1.5% during the 1st quarter. Eaton Vance Management now owns 29,954 shares of the company’s stock worth $921,000 after acquiring an additional 451 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Energizer by 11.6% during the 1st quarter. HighTower Advisors LLC now owns 6,901 shares of the company’s stock worth $211,000 after acquiring an additional 716 shares in the last quarter. 84.65% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on ENR shares. The Goldman Sachs Group cut their target price on Energizer from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, October 10th. TheStreet downgraded Energizer from a “c” rating to a “d+” rating in a research report on Tuesday, November 15th. StockNews.com started coverage on Energizer in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley upped their target price on Energizer from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 16th. Finally, Barclays upped their target price on Energizer from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, November 17th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Energizer presently has an average rating of “Hold” and a consensus price target of $33.86.
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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.
- Get a free copy of the StockNews.com research report on Energizer (ENR)
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