Patriot Financial Group Insurance Agency LLC Increases Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,226 shares of the company’s stock after acquiring an additional 485 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Energizer were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the period. Neo Ivy Capital Management purchased a new position in Energizer in the 3rd quarter valued at about $30,000. Quarry LP purchased a new stake in shares of Energizer during the third quarter worth about $39,000. Prospera Private Wealth LLC acquired a new position in shares of Energizer in the third quarter worth about $42,000. Finally, Central Pacific Bank Trust Division grew its stake in Energizer by 750.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ENR. JPMorgan Chase & Co. cut their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley increased their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Canaccord Genuity Group upped their target price on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price objective on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.38.

Energizer Stock Up 0.5 %

NYSE:ENR opened at $33.60 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The stock has a 50 day moving average of $36.09 and a 200-day moving average of $32.96. The firm has a market capitalization of $2.42 billion, a PE ratio of 64.61 and a beta of 1.07. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $39.51.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.57%. Energizer’s payout ratio is currently 230.77%.

Insiders Place Their Bets

In related news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $207,115.26. This represents a 25.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The shares were 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 $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock valued at $334,694 over the last three months. Company insiders own 0.98% of the company’s stock.

Energizer Profile

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.