Nwam LLC Acquires 29,796 Shares of Peabody Energy Corporation $BTU

Nwam LLC lifted its position in Peabody Energy Corporation (NYSE:BTU) by 39.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,709 shares of the coal producer’s stock after buying an additional 29,796 shares during the period. Nwam LLC owned approximately 0.09% of Peabody Energy worth $3,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BTU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $985,000 after buying an additional 700 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Peabody Energy by 45.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer’s stock worth $452,000 after buying an additional 10,401 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Peabody Energy in the 1st quarter worth $261,000. First Trust Advisors LP boosted its stake in shares of Peabody Energy by 21.4% in the 2nd quarter. First Trust Advisors LP now owns 291,577 shares of the coal producer’s stock worth $3,913,000 after buying an additional 51,384 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Peabody Energy by 742.1% in the 2nd quarter. Federated Hermes Inc. now owns 281,576 shares of the coal producer’s stock worth $3,779,000 after buying an additional 248,140 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Price Performance

NYSE:BTU opened at $23.61 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. The business’s 50-day simple moving average is $31.60 and its two-hundred day simple moving average is $31.41. The stock has a market cap of $2.88 billion, a PE ratio of -23.85 and a beta of 0.35. Peabody Energy Corporation has a 52 week low of $12.58 and a 52 week high of $41.14.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.40). The business had revenue of $973.30 million for the quarter, compared to the consensus estimate of $977.42 million. Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. Peabody Energy’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, analysts forecast that Peabody Energy Corporation will post 2.13 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. Peabody Energy’s dividend payout ratio (DPR) is currently -30.30%.

Wall Street Analyst Weigh In

BTU has been the topic of a number of research reports. B. Riley Financial downgraded Peabody Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $42.00 to $30.00 in a research note on Thursday, April 30th. Weiss Ratings downgraded Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Jefferies Financial Group lifted their target price on Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. UBS Group lowered their target price on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Zacks Research downgraded Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.13.

Insider Buying and Selling

In other Peabody Energy news, COO Darren Ronald Yeates sold 13,892 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total transaction of $505,668.80. Following the sale, the chief operating officer directly owned 113,440 shares of the company’s stock, valued at $4,129,216. This trade represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is currently owned by corporate insiders.

About Peabody Energy

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.