Mutual Advisors LLC Invests $1.02 Million in Peabody Energy Corporation $BTU

Mutual Advisors LLC acquired a new position in shares of Peabody Energy Corporation (NYSE:BTU) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 34,291 shares of the coal producer’s stock, valued at approximately $1,018,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BTU. Smartleaf Asset Management LLC boosted its position in Peabody Energy by 104.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock worth $25,000 after purchasing an additional 1,024 shares during the period. CoreCap Advisors LLC raised its position in Peabody Energy by 763.4% in the third quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Peabody Energy by 258.7% during the third quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock worth $43,000 after purchasing an additional 1,159 shares in the last quarter. Caitlin John LLC acquired a new position in shares of Peabody Energy during the third quarter worth about $61,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Peabody Energy by 880.4% during the third quarter. Jones Financial Companies Lllp now owns 2,647 shares of the coal producer’s stock worth $65,000 after purchasing an additional 2,377 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BTU has been the topic of a number of recent research reports. Wall Street Zen upgraded Peabody Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Zacks Research upgraded Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings cut Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. UBS Group boosted their price objective on Peabody Energy from $34.50 to $36.50 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Finally, B. Riley Financial cut Peabody Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $42.00 to $30.00 in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.63.

Insider Buying and Selling

In related news, COO Darren Ronald Yeates sold 13,892 shares of Peabody Energy stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total value of $505,668.80. Following the completion of the transaction, the chief operating officer directly owned 113,440 shares in the company, valued at approximately $4,129,216. This trade represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.51% of the company’s stock.

Peabody Energy Stock Performance

NYSE:BTU opened at $26.46 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.40. The firm has a 50-day moving average of $32.13 and a two-hundred day moving average of $31.58. The stock has a market cap of $3.22 billion, a P/E ratio of -58.79 and a beta of 0.35. Peabody Energy Corporation has a 1-year low of $12.56 and a 1-year high of $41.14.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, February 5th. The coal producer reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. On average, research analysts expect that Peabody Energy Corporation will post 2.13 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, February 23rd. Peabody Energy’s dividend payout ratio (DPR) is -66.67%.

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.