Energizer (NYSE:ENR) Hits New 12-Month High – Here’s Why

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

Wall Street Analyst Weigh In

ENR has been the topic of a number of research reports. Barclays raised their price target on Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. raised their target price on Energizer from $29.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, October 11th. Evercore ISI reduced their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Energizer currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Energizer Stock Up 0.7 %

The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The company has a market capitalization of $2.45 billion, a PE ratio of 243.93 and a beta of 1.04. The company’s fifty day moving average is $31.55 and its 200-day moving average is $30.43.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is 857.14%.

Institutional Investors Weigh In On Energizer

A number of institutional investors have recently bought and sold shares of the business. Neo Ivy Capital Management bought a new position in shares of Energizer in the third quarter worth about $30,000. Clearstead Trust LLC boosted its stake in Energizer by 307.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after purchasing an additional 820 shares during the period. Quarry LP purchased a new stake in Energizer during the 3rd quarter valued at approximately $39,000. Prospera Private Wealth LLC bought a new stake in shares of Energizer during the third quarter valued at approximately $42,000. Finally, Avior Wealth Management LLC boosted its position in shares of Energizer by 22.4% during the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after acquiring an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 93.74% 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.