JPMorgan Chase & Co. Has $7.46 Million Holdings in Energizer Holdings, Inc. (NYSE:ENR)

JPMorgan Chase & Co. decreased its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 94.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & 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 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of 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 buying an additional 19,836 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Energizer in the 3rd quarter valued at approximately $584,000. Seizert Capital Partners LLC raised its position in shares of Energizer by 29.0% during the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company's stock valued at $5,773,000 after acquiring an additional 40,891 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company's stock worth $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in Energizer by 6.1% in the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company's stock worth $11,363,000 after purchasing an additional 22,100 shares during the period. Hedge funds and other institutional investors own 93.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com raised shares of Energizer from a "hold" rating to a "buy" rating in a report on Thursday, January 9th. Truist Financial lifted their target price on Energizer from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised Energizer from an "underweight" rating to a "neutral" rating and upped their target price for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Barclays downgraded Energizer from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, Morgan Stanley increased their target price on Energizer from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.63.

Energizer Stock Performance

Shares of ENR traded up $0.24 during trading hours on Wednesday, reaching $35.01. 364,534 shares of the company's stock traded hands, compared to its average volume of 572,328. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 67.33 and a beta of 1.07. The business's fifty day simple moving average is $36.02 and its two-hundred day simple moving average is $32.58. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.51. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.43%. Energizer's dividend payout ratio (DPR) is 230.77%.

Insider Transactions 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 shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 completion of the sale, the vice president now directly owns 4,635 shares of the company's stock, valued at $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,860 shares of company stock valued at $334,694. 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.