Energizer Holdings, Inc. (NYSE:ENR) Position Trimmed by Fmr LLC

Fmr LLC lowered its stake in Energizer Holdings, Inc. (NYSE:ENR) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,267,669 shares of the company’s stock after selling 717,780 shares during the period. Fmr LLC owned approximately 0.07% of Energizer worth $167,301,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of Energizer by 16.6% in the third quarter. Brown Brothers Harriman & Co. now owns 16,327 shares of the company’s stock valued at $519,000 after purchasing an additional 2,327 shares in the last quarter. Cerity Partners LLC lifted its stake in Energizer by 23.0% in the 3rd quarter. Cerity Partners LLC now owns 74,081 shares of the company’s stock worth $2,353,000 after acquiring an additional 13,876 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Energizer by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after acquiring an additional 19,836 shares during the period. Intech Investment Management LLC purchased a new position in Energizer during the 3rd quarter valued at about $595,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Energizer in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 5,758 shares in the company, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This trade 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 valued at $334,694 in the last three months. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $39.00 in a research note on Wednesday, November 20th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial raised their price target on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Canaccord Genuity Group boosted their price target on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Barclays lowered 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 report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Energizer presently has a consensus rating of “Hold” and a consensus target price of $37.63.

Energizer Stock Performance

Shares of ENR opened at $38.72 on Wednesday. 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 Holdings, Inc. has a one year low of $26.92 and a one year high of $39.51. The company’s fifty day moving average price is $33.66 and its 200 day moving average price is $31.11. The company has a market capitalization of $2.78 billion, a PE ratio of 74.46 and a beta of 1.06.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is currently 230.77%.

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.