Arizona State Retirement System Sells 5,525 Shares of Peabody Energy Co. (NYSE:BTU)

Arizona State Retirement System reduced its position in Peabody Energy Co. (NYSE:BTU) by 14.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,555 shares of the coal producer’s stock after selling 5,525 shares during the period. Arizona State Retirement System’s holdings in Peabody Energy were worth $767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in shares of Peabody Energy by 323.1% during the fourth quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock valued at $29,000 after buying an additional 840 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Peabody Energy during the third quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its position in shares of Peabody Energy by 84.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock valued at $32,000 after buying an additional 568 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Peabody Energy during the second quarter valued at about $33,000. Finally, Quarry LP increased its position in shares of Peabody Energy by 1,079.8% during the first quarter. Quarry LP now owns 1,345 shares of the coal producer’s stock valued at $34,000 after buying an additional 1,231 shares during the period. 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. B. Riley decreased their price target on Peabody Energy from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday. Benchmark reiterated a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a research report on Friday, April 12th.

Insiders Place Their Bets

In other Peabody Energy news, Director Nicholas J. Chirekos sold 14,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 24,279 shares of the company’s stock, valued at $619,114.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Peabody Energy news, Director Nicholas J. Chirekos sold 14,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 24,279 shares of the company’s stock, valued at $619,114.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Darren Ronald Yeates sold 31,980 shares of the company’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 value of $814,850.40. Following the completion of the sale, the chief operating officer now directly owns 78,307 shares of the company’s stock, valued at approximately $1,995,262.36. 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 quarter. 0.09% of the stock is owned by corporate insiders.

Peabody Energy Stock Up 0.2 %

Shares of NYSE BTU opened at $24.09 on Friday. Peabody Energy Co. has a 12 month low of $17.71 and a 12 month high of $27.24. The company has a current ratio of 2.06, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 4.84 and a beta of 0.98. The business has a 50-day moving average of $24.51 and a 200-day moving average of $24.52.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, February 8th. The coal producer reported $1.33 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.08). Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $2.65 EPS. The firm’s revenue for the quarter was down 24.1% compared to the same quarter last year. Sell-side analysts expect that Peabody Energy Co. will post 3.66 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.25%. The ex-dividend date was Wednesday, February 21st. Peabody Energy’s dividend payout ratio is currently 6.02%.

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.