RFG Advisory LLC Invests $772,000 in Peabody Energy Corporation $BTU

RFG Advisory LLC purchased a new stake in shares of Peabody Energy Corporation (NYSE:BTU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 29,104 shares of the coal producer’s stock, valued at approximately $772,000.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Peabody Energy by 197.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 581,931 shares of the coal producer’s stock worth $16,457,000 after acquiring an additional 386,470 shares in the last quarter. Vontobel Holding Ltd. bought a new position in Peabody Energy in the third quarter worth $1,830,000. Steinberganna Wealth Management purchased a new position in Peabody Energy during the third quarter valued at $1,555,000. Gate City Capital Management LLC purchased a new stake in shares of Peabody Energy in the 2nd quarter worth about $8,645,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Peabody Energy during the 2nd quarter valued at about $9,039,000. 87.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. B. Riley Financial lifted their price objective on Peabody Energy from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. B. Riley Securities increased their target price on Peabody Energy from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen upgraded Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $38.20.

Peabody Energy Stock Down 4.6%

Peabody Energy stock opened at $35.08 on Friday. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $39.95. The stock has a fifty day simple moving average of $32.95 and a two-hundred day simple moving average of $27.14. The company has a current ratio of 1.85, a quick ratio of 1.40 and a debt-to-equity ratio of 0.09. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of -77.96 and a beta of 0.52.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, February 5th. The coal producer reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Peabody Energy had a negative net margin of 1.37% and a negative return on equity of 0.93%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business earned $0.25 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. Equities analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, February 23rd. Peabody Energy’s payout ratio is presently -66.67%.

Insider Activity at Peabody Energy

In related news, CAO Scott T. Jarboe sold 2,151 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total transaction of $73,693.26. Following the transaction, the chief accounting officer owned 82,306 shares in the company, valued at $2,819,803.56. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Darren Ronald Yeates sold 13,892 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total transaction of $505,668.80. Following the completion of the sale, the chief operating officer owned 113,440 shares in the company, valued at $4,129,216. This represents a 10.91% decrease in their position. The SEC filing for this sale provides additional information. 0.41% of the stock is owned by 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.