Peabody Energy Corporation $BTU Shares Sold by HC Advisors LLC

HC Advisors LLC lessened its position in shares of Peabody Energy Corporation (NYSE:BTU) by 82.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,216 shares of the coal producer’s stock after selling 44,215 shares during the quarter. HC Advisors LLC’s holdings in Peabody Energy were worth $244,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Peabody Energy by 197.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 581,931 shares of the coal producer’s stock worth $16,457,000 after purchasing an additional 386,470 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Peabody Energy in the 3rd quarter worth about $1,830,000. RFG Advisory LLC purchased a new stake in Peabody Energy during the 3rd quarter worth approximately $772,000. Steinberganna Wealth Management acquired a new position in shares of Peabody Energy during the third quarter valued at approximately $1,555,000. Finally, Gate City Capital Management LLC purchased a new position in shares of Peabody Energy in the second quarter valued at approximately $8,645,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insider Buying and Selling

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

Peabody Energy Stock Performance

Peabody Energy stock opened at $33.93 on Friday. The firm has a 50 day simple moving average of $33.46 and a 200-day simple moving average of $27.75. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of -75.41 and a beta of 0.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.40. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $39.95.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s revenue was down 9.0% on a year-over-year basis. On average, analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on BTU. Benchmark boosted their price target on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. UBS Group upped their target price on shares of Peabody Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Jefferies Financial Group raised their price target on shares of Peabody Energy from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Peabody Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.00.

Peabody Energy 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.