State Street Corp Lowers Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

State Street Corp reduced its stake in Energizer Holdings, Inc. (NYSE:ENR) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,633,589 shares of the company’s stock after selling 49,296 shares during the quarter. State Street Corp owned about 3.67% of Energizer worth $83,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP purchased a new position in shares of Energizer during the third quarter worth approximately $39,000. Point72 DIFC Ltd purchased a new position in shares of Energizer during the third quarter worth approximately $140,000. Point72 Asset Management L.P. purchased a new position in shares of Energizer during the third quarter worth approximately $584,000. HighTower Advisors LLC raised its stake in shares of Energizer by 17.5% during the third quarter. HighTower Advisors LLC now owns 15,144 shares of the company’s stock worth $485,000 after acquiring an additional 2,256 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in shares of Energizer by 103.7% during the third quarter. Holocene Advisors LP now owns 68,732 shares of the company’s stock worth $2,183,000 after acquiring an additional 34,998 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Stock Performance

NYSE:ENR opened at $36.64 on Tuesday. The stock has a market cap of $2.63 billion, a P/E ratio of 70.45 and a beta of 1.06. The firm’s fifty day simple moving average is $34.80 and its 200 day simple moving average is $31.65. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.51. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is currently 230.77%.

Analyst Ratings Changes

ENR has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $32.00 to $39.00 in a research note on Wednesday, November 20th. Truist Financial raised their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley raised their target price on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Energizer presently has a consensus rating of “Hold” and a consensus price target of $37.63.

Insider Activity

In other news, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares in the company, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction 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 sale, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,860 shares of company stock worth $334,694. Corporate insiders own 0.77% of the company’s stock.

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.