Nwam LLC Boosts Stake in Peabody Energy Corporation $BTU

Nwam LLC increased its position in Peabody Energy Corporation (NYSE:BTU) by 39.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,709 shares of the coal producer’s stock after buying an additional 29,796 shares during the period. Nwam LLC’s holdings in Peabody Energy were worth $3,140,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BTU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Peabody Energy by 1.0% in the first 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 in the last quarter. NewEdge Advisors LLC lifted its position in shares of Peabody Energy by 45.3% in the first 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Peabody Energy in the first quarter worth about $261,000. First Trust Advisors LP lifted its position in shares of Peabody Energy by 21.4% in the second 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 in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Peabody Energy by 742.1% in the second 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 in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Stock Down 1.9%

Peabody Energy stock opened at $23.61 on Friday. The business has a fifty day moving average of $31.60 and a two-hundred day moving average of $31.41. 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 firm has a market cap of $2.88 billion, a P/E ratio of -23.85 and a beta of 0.35. Peabody Energy Corporation has a twelve month low of $12.58 and a twelve month high of $41.14.

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

Peabody Energy Dividend Announcement

The business also recently announced 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 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 is currently -30.30%.

Analyst Ratings Changes

A number of research firms recently commented on BTU. Weiss Ratings downgraded Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. 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. Jefferies Financial Group boosted their price objective on 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 Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, UBS Group reduced their price objective on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.13.

Insiders Place Their Bets

In other Peabody Energy news, COO Darren Ronald Yeates sold 13,892 shares of the company’s stock in a transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.