Stifel Financial Corp Cuts Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Stifel Financial Corp lessened its stake in Energizer Holdings, Inc. (NYSE:ENRFree Report) by 35.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,595 shares of the company’s stock after selling 11,185 shares during the quarter. Stifel Financial Corp’s holdings in Energizer were worth $654,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Energizer during the 3rd quarter worth approximately $39,000. Point72 DIFC Ltd acquired a new position in shares of Energizer in the 3rd quarter worth approximately $140,000. Point72 Asset Management L.P. purchased a new position in shares of Energizer during the third quarter worth $584,000. HighTower Advisors LLC grew its position in Energizer by 17.5% in the 3rd quarter. HighTower Advisors LLC now owns 15,144 shares of the company’s stock valued at $485,000 after acquiring an additional 2,256 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Energizer by 103.7% in the third quarter. Holocene Advisors LP now owns 68,732 shares of the company’s stock valued at $2,183,000 after purchasing an additional 34,998 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Trading Up 1.7 %

Shares of ENR stock opened at $35.59 on Thursday. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week 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. The business has a fifty day simple moving average of $35.26 and a 200-day simple moving average of $31.94. The stock has a market cap of $2.57 billion, a P/E ratio of 68.44 and a beta of 1.06.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.37%. Energizer’s dividend payout ratio is currently 230.77%.

Insider Buying and Selling

In other news, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were 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 of the company’s stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value 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 approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,860 shares of company stock worth $334,694. 0.98% of the stock is owned by insiders.

Analyst Ratings Changes

ENR has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial boosted their target price on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Canaccord Genuity Group increased their price target on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $32.00 to $39.00 in a research report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.63.

Get Our Latest Stock Analysis on ENR

Energizer Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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