Peabody Energy Co. (NYSE:BTU) Stock Position Decreased by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,551,685 shares of the coal producer’s stock after selling 826,206 shares during the period. Vanguard Group Inc. owned 8.81% of Peabody Energy worth $300,228,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. grew its position in Peabody Energy by 0.3% in the 4th quarter. Alliancebernstein L.P. now owns 131,800 shares of the coal producer’s stock worth $3,482,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System grew its position in Peabody Energy by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 37,080 shares of the coal producer’s stock worth $964,000 after purchasing an additional 498 shares during the last quarter. O Brien Greene & Co. Inc grew its position in Peabody Energy by 1.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 29,915 shares of the coal producer’s stock worth $648,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Peabody Energy by 84.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock worth $32,000 after purchasing an additional 568 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in Peabody Energy by 323.1% in the 4th quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock worth $29,000 after purchasing an additional 840 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley upped their target price on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th.

Peabody Energy Stock Up 2.8 %

BTU stock opened at $24.26 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.06 and a quick ratio of 1.70. The firm has a market cap of $3.11 billion, a PE ratio of 4.87 and a beta of 0.99. Peabody Energy Co. has a 12 month low of $17.71 and a 12 month high of $27.70. The firm has a 50 day simple moving average of $25.33 and a 200 day simple moving average of $24.53.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.08). The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. Peabody Energy’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same period last year, the firm earned $2.65 earnings per share. Equities research analysts forecast that Peabody Energy Co. will post 3.6 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.30 annualized dividend and a yield of 1.24%. Peabody Energy’s dividend payout ratio (DPR) is presently 6.02%.

Insider Activity

In related news, CFO Mark Spurbeck sold 6,826 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the transaction, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the sale, the chief financial officer now directly owns 75,464 shares in the company, valued at $1,854,150.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Darren Ronald Yeates sold 31,980 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.48, for a total value of $814,850.40. Following the completion of the transaction, the chief operating officer now owns 78,307 shares in the company, valued at approximately $1,995,262.36. The disclosure for this sale can be found here. Insiders have sold 57,633 shares of company stock worth $1,459,951 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.