Peabody Energy Corporation $BTU Holdings Raised by RFG Advisory LLC

RFG Advisory LLC lifted its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 76.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,343 shares of the coal producer’s stock after purchasing an additional 22,239 shares during the quarter. RFG Advisory LLC’s holdings in Peabody Energy were worth $1,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Peabody Energy by 104.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock valued at $25,000 after purchasing an additional 1,024 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Peabody Energy by 763.4% during the third quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock valued at $30,000 after purchasing an additional 1,000 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Peabody Energy by 258.7% during the third quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock worth $43,000 after acquiring an additional 1,159 shares during the period. Caitlin John LLC acquired a new position in Peabody Energy during the third quarter worth about $61,000. Finally, Jones Financial Companies Lllp grew its holdings in Peabody Energy by 880.4% during the third quarter. Jones Financial Companies Lllp now owns 2,647 shares of the coal producer’s stock worth $65,000 after acquiring an additional 2,377 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BTU. UBS Group lowered their target price on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a report on Wednesday. B. Riley Financial lowered Peabody Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $42.00 to $30.00 in a report on Thursday, April 30th. Weiss Ratings lowered Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Zacks Research lowered Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.13.

Insiders Place Their Bets

In related news, COO Darren Ronald Yeates sold 13,892 shares of Peabody Energy stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total value of $505,668.80. Following the transaction, the chief operating officer owned 113,440 shares of the company’s stock, valued at approximately $4,129,216. This trade represents a 10.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Peabody Energy Price Performance

NYSE:BTU opened at $23.61 on Friday. The business’s 50-day moving average price is $31.60 and its 200 day moving average price is $31.41. 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 52-week low of $12.58 and a 52-week high of $41.14. The company has a quick ratio of 1.40, a current ratio of 1.87 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last issued its quarterly 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 during 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 company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. As a group, sell-side analysts predict that Peabody Energy Corporation will post 2.13 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 19th will be paid a $0.075 dividend. The ex-dividend date of this dividend 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 (DPR) is currently -30.30%.

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.