Peabody Energy Co. (BTU) Receives $46.29 Average PT from Brokerages
Peabody Energy Co. (NYSE:BTU) has been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $46.29.
A number of equities analysts have weighed in on BTU shares. MKM Partners restated a “buy” rating and issued a $53.00 target price on shares of Peabody Energy in a research note on Wednesday, June 6th. B. Riley upped their target price on Peabody Energy from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research lowered Peabody Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Finally, ValuEngine lowered Peabody Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd.
NYSE BTU traded up $0.76 during trading on Friday, reaching $44.02. The company’s stock had a trading volume of 46,038 shares, compared to its average volume of 1,094,242. The firm has a market capitalization of $5.18 billion, a P/E ratio of 8.92 and a beta of 0.76. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 0.38. Peabody Energy has a one year low of $28.08 and a one year high of $47.84.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 2nd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 1st. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 1.14%.
In related news, EVP Charles F. Meintjes sold 35,000 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $42.10, for a total transaction of $1,473,500.00. Following the completion of the sale, the executive vice president now directly owns 170,910 shares in the company, valued at approximately $7,195,311. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider George John Schuller, Jr. sold 12,312 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $41.13, for a total value of $506,392.56. Following the sale, the insider now owns 55,627 shares of the company’s stock, valued at $2,287,938.51. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Contrarian Capital Management L.L.C. boosted its holdings in Peabody Energy by 31.5% during the 1st quarter. Contrarian Capital Management L.L.C. now owns 9,985,667 shares of the coal producer’s stock valued at $364,477,000 after acquiring an additional 2,394,771 shares during the period. BlackRock Inc. boosted its holdings in Peabody Energy by 12.0% during the 2nd quarter. BlackRock Inc. now owns 6,304,232 shares of the coal producer’s stock valued at $286,716,000 after acquiring an additional 674,014 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Peabody Energy by 32.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,253,684 shares of the coal producer’s stock valued at $118,759,000 after acquiring an additional 798,936 shares during the period. JPMorgan Chase & Co. boosted its holdings in Peabody Energy by 209.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,345,702 shares of the coal producer’s stock valued at $49,119,000 after acquiring an additional 910,355 shares during the period. Finally, Millennium Management LLC boosted its holdings in Peabody Energy by 77.4% during the 2nd quarter. Millennium Management LLC now owns 1,279,815 shares of the coal producer’s stock valued at $58,206,000 after acquiring an additional 558,289 shares during the period. Institutional investors own 99.31% of the company’s stock.
About Peabody Energy
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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