D. E. Shaw & Co. Inc. trimmed its stake in Peabody Energy Co. (NYSE:BTU) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 497,341 shares of the coal producer’s stock after selling 109,826 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Peabody Energy were worth $15,159,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Smith Asset Management Group LP purchased a new position in Peabody Energy during the 4th quarter valued at about $33,000. Advisors Asset Management Inc. lifted its position in Peabody Energy by 9.4% during the 4th quarter. Advisors Asset Management Inc. now owns 7,282 shares of the coal producer’s stock valued at $222,000 after acquiring an additional 627 shares during the period. Hsbc Holdings PLC lifted its position in Peabody Energy by 25.7% during the 4th quarter. Hsbc Holdings PLC now owns 8,336 shares of the coal producer’s stock valued at $254,000 after acquiring an additional 1,702 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new position in Peabody Energy during the 4th quarter valued at about $366,000. Finally, Cigna Investments Inc. New lifted its position in Peabody Energy by 56.1% during the 4th quarter. Cigna Investments Inc. New now owns 13,191 shares of the coal producer’s stock valued at $402,000 after acquiring an additional 4,743 shares during the period.
BTU has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. Clarkson Capital raised shares of Peabody Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 16th. MKM Partners set a $44.00 price target on shares of Peabody Energy and gave the company a “buy” rating in a research report on Friday, February 8th. B. Riley lowered their price target on shares of Peabody Energy to $37.00 and set a “buy” rating for the company in a research report on Friday, February 8th. Finally, BMO Capital Markets initiated coverage on shares of Peabody Energy in a research report on Wednesday. They set a “market perform” rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.14.
Shares of NYSE BTU opened at $28.95 on Friday. The stock has a market cap of $3.31 billion, a P/E ratio of 9.19 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.85 and a quick ratio of 1.58. Peabody Energy Co. has a 1 year low of $28.07 and a 1 year high of $47.84.
Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Wednesday, February 6th. The coal producer reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.20. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Peabody Energy had a net margin of 11.73% and a return on equity of 14.57%. Peabody Energy’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business earned $2.47 EPS. As a group, research analysts forecast that Peabody Energy Co. will post 2.18 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 12th were paid a dividend of $1.85 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a yield of 1.69%. Peabody Energy’s dividend payout ratio is currently 16.51%.
In other Peabody Energy news, insider George John Schuller, Jr. sold 2,372 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $29.73, for a total transaction of $70,519.56. Following the completion of the sale, the insider now directly owns 65,173 shares in the company, valued at approximately $1,937,593.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Glenn L. Kellow sold 2,601 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $29.67, for a total transaction of $77,171.67. Following the sale, the chief executive officer now owns 699,477 shares of the company’s stock, valued at $20,753,482.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,999 shares of company stock valued at $237,629. 0.42% of the stock is owned by company insiders.
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Peabody Energy Profile
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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