Energizer Holdings, Inc. (NYSE:ENR) Stock Holdings Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in Energizer Holdings, Inc. (NYSE:ENR) by 94.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234,952 shares of the company’s stock after selling 3,987,003 shares during the quarter. JPMorgan Chase & Co. owned 0.33% of Energizer worth $7,462,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after purchasing an additional 19,836 shares during the period. Point72 Asset Management L.P. bought a new stake in Energizer in the third quarter valued at $584,000. Seizert Capital Partners LLC increased its holdings in shares of Energizer by 29.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock worth $5,773,000 after acquiring an additional 40,891 shares during the period. Clarkston Capital Partners LLC lifted its position in Energizer by 12.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in Energizer by 6.1% during the 2nd quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock valued at $11,363,000 after purchasing an additional 22,100 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Energizer

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares in the company, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their position. 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 the company’s stock in a transaction dated 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 directly owns 4,635 shares of the company’s stock, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.98% of the company’s stock.

Energizer Stock Performance

NYSE:ENR opened at $34.79 on Wednesday. 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 company has a 50-day moving average of $36.02 and a 200-day moving average of $32.58. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.51. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 66.91 and a beta of 1.07.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 3.45%. Energizer’s dividend payout ratio (DPR) is 230.77%.

Analyst Upgrades and Downgrades

ENR has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and raised their price target for the company from $32.00 to $39.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group lifted their target price on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Morgan Stanley upped their price objective 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. Finally, Truist Financial raised their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.63.

Energizer Company 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.