Peabody Energy Corporation $BTU Shares Sold by Gate City Capital Management LLC

Gate City Capital Management LLC cut its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 44.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 609,806 shares of the coal producer’s stock after selling 481,537 shares during the period. Peabody Energy accounts for 7.8% of Gate City Capital Management LLC’s holdings, making the stock its 5th largest position. Gate City Capital Management LLC owned about 0.50% of Peabody Energy worth $18,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BTU. Massachusetts Financial Services Co. MA bought a new position in Peabody Energy in the fourth quarter valued at approximately $90,603,000. Sourcerock Group LLC bought a new stake in shares of Peabody Energy during the second quarter worth $28,092,000. State Street Corp grew its stake in shares of 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 buying an additional 1,487,531 shares during the last quarter. Phoenix Financial Ltd. bought a new stake in shares of Peabody Energy in the fourth quarter worth $38,125,000. Finally, Vanguard Group Inc. grew its stake in shares of Peabody Energy by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer’s stock worth $449,512,000 after purchasing an additional 1,191,438 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Trading Down 2.0%

Shares of BTU stock opened at $25.51 on Wednesday. Peabody Energy Corporation has a 52-week low of $12.58 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 1.87. The company has a 50-day simple moving average of $26.76 and a two-hundred day simple moving average of $30.97. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -25.77 and a beta of 0.36.

Peabody Energy (NYSE:BTU) last released 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). Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The company had revenue of $973.30 million for the quarter, compared to the consensus estimate of $977.42 million. During the same period in the prior year, the company earned $0.27 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Research analysts anticipate that Peabody Energy Corporation will post 0.48 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.2%. Peabody Energy’s dividend payout ratio (DPR) is -30.30%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BTU shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a research note on Wednesday, May 20th. B. Riley Financial lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $30.00 in a report on Thursday, April 30th. UBS Group dropped their target price on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, Zacks Research lowered shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.13.

Peabody Energy Company 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.