34,291 Shares in Peabody Energy Corporation $BTU Purchased by Mutual Advisors LLC

Mutual Advisors LLC purchased a new position in Peabody Energy Corporation (NYSE:BTU) in the fourth quarter, Holdings Channel reports. The fund purchased 34,291 shares of the coal producer’s stock, valued at approximately $1,018,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Peabody Energy by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer’s stock worth $449,512,000 after acquiring an additional 1,191,438 shares during the period. State Street Corp raised its stake in Peabody Energy by 19.3% during the second quarter. State Street Corp now owns 9,208,031 shares of the coal producer’s stock worth $123,572,000 after acquiring an additional 1,487,531 shares during the period. American Century Companies Inc. raised its stake in Peabody Energy by 8.7% during the third quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer’s stock worth $117,363,000 after acquiring an additional 354,099 shares during the period. Progeny 3 Inc. raised its stake in Peabody Energy by 0.5% during the second quarter. Progeny 3 Inc. now owns 3,916,934 shares of the coal producer’s stock worth $52,565,000 after acquiring an additional 18,920 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Peabody Energy during the fourth quarter worth about $90,603,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BTU. Weiss Ratings lowered shares of Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. B. Riley Financial lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $42.00 to $30.00 in a research note on Thursday, April 30th. Jefferies Financial Group increased their price objective 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. UBS Group increased their price objective on shares of Peabody Energy from $34.50 to $36.50 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.63.

Insider Activity at Peabody Energy

In related news, COO Darren Ronald Yeates sold 13,892 shares of the firm’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 transaction of $505,668.80. Following the transaction, the chief operating officer owned 113,440 shares in the company, 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 owned by corporate insiders.

Peabody Energy Price Performance

NYSE BTU opened at $26.46 on Tuesday. Peabody Energy Corporation has a 12 month low of $12.56 and a 12 month high of $41.14. 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 market capitalization of $3.22 billion, a PE ratio of -58.79 and a beta of 0.35. The company’s 50 day simple moving average is $32.13 and its 200 day simple moving average is $31.58.

Peabody Energy (NYSE:BTU) last posted 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned $0.25 EPS. Peabody Energy’s revenue was down 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that Peabody Energy Corporation will post 2.13 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

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

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.