Towle & Co. Sells 115,628 Shares of Peabody Energy Corporation $BTU

Towle & Co. reduced its stake in Peabody Energy Corporation (NYSE:BTUFree Report) by 36.8% during the first quarter, HoldingsChannel.com reports. The fund owned 198,567 shares of the coal producer’s stock after selling 115,628 shares during the quarter. Peabody Energy comprises approximately 2.5% of Towle & Co.’s holdings, making the stock its 17th biggest position. Towle & Co.’s holdings in Peabody Energy were worth $6,543,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of BTU. Massachusetts Financial Services Co. MA purchased a new stake in shares of Peabody Energy during the fourth quarter valued at approximately $90,603,000. Assenagon Asset Management S.A. purchased a new position in Peabody Energy in the fourth quarter worth $8,345,000. State of New Jersey Common Pension Fund D purchased a new position in Peabody Energy in the fourth quarter worth $2,219,000. Phoenix Financial Ltd. bought a new position in Peabody Energy in the 4th quarter valued at $38,125,000. Finally, Louisiana State Employees Retirement System bought a new position in Peabody Energy in the 1st quarter valued at $1,776,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Key Headlines Impacting Peabody Energy

Here are the key news stories impacting Peabody Energy this week:

Wall Street Analyst Weigh In

BTU has been the topic of a number of recent analyst reports. UBS Group lowered their target price on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. B. Riley Financial downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $30.00 in a report on Thursday, April 30th. Zacks Research raised shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings cut shares of Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.12.

Read Our Latest Stock Analysis on BTU

Peabody Energy Stock Performance

Shares of BTU opened at $23.83 on Friday. Peabody Energy Corporation has a 1 year low of $14.25 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.37. The stock’s fifty day moving average price is $24.89 and its two-hundred day moving average price is $29.86. The firm has a market cap of $2.90 billion, a PE ratio of -24.07 and a beta of 0.38.

Peabody Energy (NYSE:BTUGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.40). The firm had revenue of $973.30 million during the quarter, compared to analysts’ expectations of $977.42 million. Peabody Energy had a negative return on equity of 2.80% and a negative net margin of 3.07%.The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. On average, equities research analysts forecast that Peabody Energy Corporation will post 0.48 EPS for the current year.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 19th were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. Peabody Energy’s payout ratio is -30.30%.

Peabody Energy Company Profile

(Free Report)

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.

Further Reading

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

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