Perigon Wealth Management LLC Acquires Shares of 11,400 Peabody Energy Co. (NYSE:BTU)

Perigon Wealth Management LLC purchased a new position in Peabody Energy Co. (NYSE:BTU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,400 shares of the coal producer’s stock, valued at approximately $277,000.

Other hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new stake in Peabody Energy during the third quarter valued at $261,000. Hosking Partners LLP increased its position in Peabody Energy by 9.0% during the third quarter. Hosking Partners LLP now owns 1,362,201 shares of the coal producer’s stock valued at $35,404,000 after acquiring an additional 112,092 shares during the last quarter. Gendell Jeffrey L increased its position in Peabody Energy by 18.6% during the third quarter. Gendell Jeffrey L now owns 2,194,474 shares of the coal producer’s stock valued at $57,034,000 after acquiring an additional 344,793 shares during the last quarter. Bank of New York Mellon Corp increased its position in Peabody Energy by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 787,687 shares of the coal producer’s stock valued at $20,472,000 after acquiring an additional 55,131 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Peabody Energy by 47.5% during the fourth quarter. SG Americas Securities LLC now owns 10,306 shares of the coal producer’s stock valued at $251,000 after purchasing an additional 3,321 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

BTU has been the subject of several recent research reports. Benchmark reissued a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a report on Friday, April 12th. B. Riley cut their price target on Peabody Energy from $34.00 to $32.00 and set a “buy” rating for the company in a report on Monday.

Peabody Energy Stock Performance

NYSE:BTU opened at $24.08 on Wednesday. The firm has a market capitalization of $3.07 billion, a PE ratio of 4.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.06. The stock has a 50-day simple moving average of $24.59 and a two-hundred day simple moving average of $24.53. Peabody Energy Co. has a 52-week low of $17.71 and a 52-week high of $27.70.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, February 8th. The coal producer reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The business’s revenue was down 24.1% on a year-over-year basis. During the same period last year, the company earned $2.65 EPS. Analysts forecast that Peabody Energy Co. will post 3.66 EPS for the current year.

Peabody Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 22nd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 21st. Peabody Energy’s dividend payout ratio (DPR) is 6.02%.

Insider Transactions at Peabody Energy

In other news, Director Nicholas J. Chirekos sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.50, for a total value of $357,000.00. Following the completion of the transaction, the director now owns 24,279 shares of the company’s stock, valued at $619,114.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Peabody Energy news, COO Darren Ronald Yeates sold 31,980 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.48, for a total transaction of $814,850.40. Following the completion of the transaction, the chief operating officer now owns 78,307 shares in the company, valued at approximately $1,995,262.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nicholas J. Chirekos sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.50, for a total value of $357,000.00. Following the transaction, the director now owns 24,279 shares of the company’s stock, valued at approximately $619,114.50. The disclosure for this sale can be found here. Insiders sold a total of 52,806 shares of company stock valued at $1,339,565 over the last 90 days. Company insiders own 0.40% of the company’s stock.

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.