Cornercap Investment Counsel Inc. Trims Position in Energizer Holdings, Inc. (NYSE:ENR)

Cornercap Investment Counsel Inc. lowered its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 60.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,930 shares of the company’s stock after selling 10,491 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Energizer were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Clearstead Trust LLC grew its stake in shares of Energizer by 307.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after purchasing an additional 820 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Energizer in the 2nd quarter valued at $65,000. SG Americas Securities LLC increased its stake in Energizer by 27.7% in the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after buying an additional 919 shares during the period. Cullen Frost Bankers Inc. raised its position in Energizer by 2,650.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock worth $135,000 after buying an additional 4,399 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Energizer in the 2nd quarter worth $203,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Price Performance

Shares of NYSE ENR opened at $34.15 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 243.93 and a beta of 1.04. The company’s 50-day moving average price is $31.55 and its 200 day moving average price is $30.43. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $34.38.

Energizer Announces Dividend

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

Analyst Upgrades and Downgrades

ENR has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. Evercore ISI decreased their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. Barclays boosted their target price on shares of Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and increased their price target for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

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.