HighTower Advisors LLC Raises Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

HighTower Advisors LLC raised its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 17.5% during the third quarter, HoldingsChannel reports. The firm owned 15,144 shares of the company’s stock after purchasing an additional 2,256 shares during the period. HighTower Advisors LLC’s holdings in Energizer were worth $485,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in Energizer by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock worth $993,000 after purchasing an additional 500 shares during the period. Capital Insight Partners LLC boosted its holdings in 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 acquiring an additional 330 shares during the period. Bank of New York Mellon Corp grew its position in Energizer by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock worth $29,651,000 after acquiring an additional 15,982 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Energizer by 155.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company’s stock worth $3,827,000 after purchasing an additional 78,895 shares during the period. Finally, F M Investments LLC bought a new stake in Energizer in the second quarter valued at approximately $964,000. Institutional investors own 93.74% of the company’s stock.

Energizer Trading Down 0.7 %

Shares of NYSE ENR opened at $35.34 on Friday. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.51. The firm has a 50-day moving average of $35.13 and a 200 day moving average of $31.79. The stock has a market cap of $2.55 billion, a P/E ratio of 67.96 and a beta of 1.06. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00.

Energizer Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.40%. Energizer’s payout ratio is presently 230.77%.

Insider Buying and Selling

In related news, EVP Robin Vauth sold 1,978 shares of Energizer 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 completion of the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock worth $334,694 in the last quarter. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ENR shares. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Friday. Barclays downgraded 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 note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Morgan Stanley increased their price objective on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Canaccord Genuity Group boosted their target price on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note 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’s stock. According to data from MarketBeat, Energizer presently has a consensus rating of “Hold” and an average target price of $37.63.

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.