BlackRock Inc. Trims Position in Peabody Energy Co. (BTU)

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BlackRock Inc. lessened its position in shares of Peabody Energy Co. (NYSE:BTU) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,730,212 shares of the coal producer’s stock after selling 217,445 shares during the quarter. BlackRock Inc. owned 5.00% of Peabody Energy worth $174,657,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in Peabody Energy by 9.4% during the fourth quarter. Advisors Asset Management Inc. now owns 7,282 shares of the coal producer’s stock valued at $222,000 after purchasing an additional 627 shares during the period. First Midwest Bank Trust Division grew its holdings in Peabody Energy by 3.6% during the fourth quarter. First Midwest Bank Trust Division now owns 28,703 shares of the coal producer’s stock valued at $875,000 after purchasing an additional 1,000 shares during the period. Smith Asset Management Group LP bought a new stake in Peabody Energy during the fourth quarter valued at about $33,000. Strs Ohio grew its holdings in Peabody Energy by 3.9% during the fourth quarter. Strs Ohio now owns 37,000 shares of the coal producer’s stock valued at $1,127,000 after purchasing an additional 1,400 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Peabody Energy by 2.0% during the third quarter. Wells Fargo & Company MN now owns 112,362 shares of the coal producer’s stock valued at $4,004,000 after purchasing an additional 2,254 shares during the period.

In related news, CEO Glenn L. Kellow sold 2,601 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $29.67, for a total transaction of $77,171.67. Following the completion of the transaction, the chief executive officer now directly owns 699,477 shares of the company’s stock, valued at $20,753,482.59. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider George John Schuller, Jr. sold 2,372 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $29.73, for a total value of $70,519.56. Following the transaction, the insider now directly owns 65,173 shares of the company’s stock, valued at $1,937,593.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,999 shares of company stock valued at $237,629. Corporate insiders own 0.42% of the company’s stock.

Several research firms have issued reports on BTU. B. Riley dropped their price objective on Peabody Energy to $37.00 and set a “buy” rating for the company in a research note on Friday, February 8th. MKM Partners set a $44.00 price objective on Peabody Energy and gave the stock a “buy” rating in a research note on Friday, February 8th. Clarkson Capital raised Peabody Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 16th. Zacks Investment Research raised Peabody Energy from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Finally, BMO Capital Markets began coverage on Peabody Energy in a research note on Wednesday. They issued a “market perform” rating and a $34.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.14.

NYSE BTU opened at $30.01 on Friday. The stock has a market capitalization of $3.43 billion, a PE ratio of 9.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.85 and a quick ratio of 1.58. Peabody Energy Co. has a twelve month low of $28.07 and a twelve month high of $47.84.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Wednesday, February 6th. The coal producer reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.20. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.47 earnings per share. Equities research analysts predict that Peabody Energy Co. will post 2.18 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 12th were paid a $1.85 dividend. This represents a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, March 11th. Peabody Energy’s dividend payout ratio (DPR) is 16.51%.

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About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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