Massachusetts Financial Services Co. MA Purchases Shares of 3,050,606 Peabody Energy Corporation $BTU

Massachusetts Financial Services Co. MA purchased a new stake in shares of Peabody Energy Corporation (NYSE:BTU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,050,606 shares of the coal producer’s stock, valued at approximately $90,603,000.

A number of other large investors have also made changes to their positions in BTU. Allspring Global Investments Holdings LLC lifted its position in shares of Peabody Energy by 197.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 581,931 shares of the coal producer’s stock valued at $16,457,000 after buying an additional 386,470 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Peabody Energy by 8.7% during the 3rd quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer’s stock valued at $117,363,000 after buying an additional 354,099 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of Peabody Energy during the 3rd quarter valued at about $772,000. Vontobel Holding Ltd. purchased a new position in shares of Peabody Energy during the 3rd quarter valued at about $1,830,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Peabody Energy during the 4th quarter valued at about $8,345,000. 87.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BTU has been the topic of several analyst reports. Zacks Research raised shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group lifted their price target on shares of Peabody Energy from $34.50 to $36.50 and gave the company a “neutral” rating in a report on Friday, March 27th. Jefferies Financial Group lifted their price target on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. B. Riley Financial lowered their price target on shares of Peabody Energy from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Finally, Weiss Ratings downgraded shares of Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.63.

Peabody Energy Stock Up 0.5%

Shares of BTU opened at $28.43 on Tuesday. The business’s 50 day moving average is $34.22 and its 200 day moving average is $31.88. The company has a market capitalization of $3.46 billion, a PE ratio of -63.18 and a beta of 0.63. Peabody Energy Corporation has a 12-month low of $11.58 and a 12-month high of $41.14. The company has a current ratio of 1.85, a quick ratio of 1.40 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, February 5th. The coal producer reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Peabody Energy had a negative net margin of 1.37% and a negative return on equity of 0.93%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. Research analysts expect that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, February 23rd. Peabody Energy’s dividend payout ratio (DPR) is -66.67%.

Insider Activity at Peabody Energy

In other Peabody Energy news, CAO Scott T. Jarboe sold 2,151 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $34.26, for a total transaction of $73,693.26. Following the completion of the transaction, the chief accounting officer owned 82,306 shares in the company, valued at $2,819,803.56. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Darren Ronald Yeates sold 13,892 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were 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 $4,129,216. This represents a 10.91% decrease in their position. The SEC filing for this sale provides additional information. 0.51% of the stock is currently owned by company insiders.

Peabody Energy 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.