Energizer (NYSE:ENR) Hits New 52-Week High – Here’s What Happened

Energizer Holdings, Inc. (NYSE:ENR) hit a new 52-week high during trading on Monday . The stock traded as high as $34.29 and last traded at $34.17, with a volume of 108873 shares traded. The stock had previously closed at $33.92.

Analysts Set New Price Targets

ENR has been the subject of several research reports. Truist Financial increased their price objective on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore ISI decreased their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $34.00 to $36.00 in a research report on Wednesday. JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $32.00 to $39.00 in a research report on Wednesday. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Trading Up 1.1 %

The company’s 50-day moving average is $31.81 and its 200-day moving average is $30.52. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 271.09 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99.

Energizer Announces Dividend

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

Insider Buying and Selling at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the transaction, the executive vice president now owns 5,758 shares in the company, valued at $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. M&G Plc grew its holdings in Energizer by 33.0% during the second quarter. M&G Plc now owns 237,337 shares of the company’s stock valued at $7,120,000 after purchasing an additional 58,933 shares during the period. Tidal Investments LLC grew its position in shares of Energizer by 220.3% in the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after purchasing an additional 20,567 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Energizer by 31.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after purchasing an additional 25,732 shares during the period. Gabelli Funds LLC boosted its holdings in Energizer by 6.1% during the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after purchasing an additional 22,100 shares during the last quarter. Finally, Maverick Capital Ltd. grew its stake in Energizer by 126.7% in the second quarter. Maverick Capital Ltd. now owns 59,878 shares of the company’s stock valued at $1,769,000 after purchasing an additional 33,467 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.