Insider Selling: Peabody Energy Co. (NYSE:BTU) CFO Sells 10,000 Shares of Stock

Peabody Energy Co. (NYSE:BTU) CFO Mark Spurbeck sold 10,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the chief financial officer now owns 65,710 shares in the company, valued at approximately $1,939,759.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Peabody Energy Price Performance

NYSE BTU opened at $28.70 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.75. Peabody Energy Co. has a 1-year low of $20.21 and a 1-year high of $29.94. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 7.59 and a beta of 0.98. The business’s fifty day moving average price is $24.74 and its 200-day moving average price is $23.48.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.16. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. Peabody Energy’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, equities analysts predict that Peabody Energy Co. will post 3.15 earnings per share for the current year.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, November 14th. Peabody Energy’s payout ratio is 7.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BTU. B. Riley upped their price target on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Benchmark upped their target price on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th.

Institutional Trading of Peabody Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of Peabody Energy by 11,390.0% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock worth $28,000 after acquiring an additional 1,139 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Peabody Energy in the 3rd quarter worth $36,000. Natixis raised its holdings in Peabody Energy by 8,355.0% in the 1st quarter. Natixis now owns 1,691 shares of the coal producer’s stock worth $41,000 after purchasing an additional 1,671 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Peabody Energy during the third quarter valued at $43,000. Finally, Altshuler Shaham Ltd bought a new stake in Peabody Energy during the second quarter valued at about $44,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

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.