RPG Investment Advisory LLC Sells 75,855 Shares of Peabody Energy Corporation $BTU

RPG Investment Advisory LLC cut its stake in Peabody Energy Corporation (NYSE:BTU) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,374 shares of the coal producer’s stock after selling 75,855 shares during the period. Peabody Energy makes up about 1.7% of RPG Investment Advisory LLC’s portfolio, making the stock its 25th biggest holding. RPG Investment Advisory LLC’s holdings in Peabody Energy were worth $14,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in Peabody Energy by 698.4% in the first quarter. AQR Capital Management LLC now owns 738,425 shares of the coal producer’s stock valued at $10,006,000 after purchasing an additional 645,934 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Peabody Energy by 1.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock valued at $985,000 after buying an additional 700 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Peabody Energy by 45.3% during the 1st quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer’s stock worth $452,000 after acquiring an additional 10,401 shares during the period. Scientech Research LLC boosted its position in shares of Peabody Energy by 92.9% during the 1st quarter. Scientech Research LLC now owns 43,314 shares of the coal producer’s stock worth $587,000 after acquiring an additional 20,862 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Peabody Energy in the first quarter valued at approximately $261,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BTU shares. UBS Group upped their target price on Peabody Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Wall Street Zen upgraded Peabody Energy from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley lifted their target price on Peabody Energy from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.33.

Peabody Energy Trading Up 5.4%

Shares of BTU stock opened at $32.28 on Wednesday. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $35.99. The stock’s fifty day simple moving average is $28.92 and its 200 day simple moving average is $23.33. The company has a quick ratio of 1.49, a current ratio of 1.99 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.92 billion, a P/E ratio of -111.29 and a beta of 0.41.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $990.20 million. During the same period in the previous year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, November 13th. Peabody Energy’s dividend payout ratio is -103.45%.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.