Peabody Energy Corporation $BTU Shares Sold by BIP Wealth LLC

BIP Wealth LLC cut its stake in Peabody Energy Corporation (NYSE:BTU) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,141 shares of the coal producer’s stock after selling 794 shares during the period. BIP Wealth LLC’s holdings in Peabody Energy were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Peabody Energy by 1.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock worth $985,000 after purchasing an additional 700 shares during the period. Signaturefd LLC increased its position in shares of Peabody Energy by 48.5% during the 2nd quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock valued at $32,000 after purchasing an additional 768 shares during the period. Byrne Asset Management LLC increased its position in shares of Peabody Energy by 27.2% during the 2nd quarter. Byrne Asset Management LLC now owns 4,129 shares of the coal producer’s stock valued at $55,000 after purchasing an additional 884 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Peabody Energy by 3.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,842 shares of the coal producer’s stock worth $468,000 after buying an additional 1,124 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Peabody Energy by 2.8% during the second quarter. Yousif Capital Management LLC now owns 49,985 shares of the coal producer’s stock valued at $671,000 after buying an additional 1,348 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Price Performance

BTU opened at $29.03 on Friday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 28.18 and a beta of 0.67. The stock has a fifty day moving average of $23.78 and a 200-day moving average of $17.60. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 12-month low of $9.61 and a 12-month high of $35.99.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The business had revenue of $890.10 million for the quarter, compared to analyst estimates of $944.27 million. During the same period in the previous year, the firm posted $1.42 earnings per share. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. Equities analysts forecast that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. Peabody Energy’s payout ratio is presently 29.13%.

Analyst Ratings Changes

Several equities research analysts have commented on BTU shares. UBS Group boosted their price target on shares of Peabody Energy from $17.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. B. Riley boosted their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Peabody Energy in a report on Friday. Finally, Wall Street Zen cut Peabody Energy from a “hold” rating to a “sell” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.20.

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.