Allspring Global Investments Holdings LLC Has $621,000 Stake in Peabody Energy Co. (NYSE:BTU)

Allspring Global Investments Holdings LLC reduced its holdings in Peabody Energy Co. (NYSE:BTU) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,533 shares of the coal producer’s stock after selling 1,132 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Peabody Energy were worth $621,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Arizona State Retirement System raised its stake in shares of Peabody Energy by 1.4% in the third quarter. Arizona State Retirement System now owns 37,080 shares of the coal producer’s stock worth $964,000 after acquiring an additional 498 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Peabody Energy by 84.5% in the third quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock valued at $32,000 after purchasing an additional 568 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Peabody Energy by 1.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,525 shares of the coal producer’s stock worth $1,443,000 after purchasing an additional 1,034 shares during the last quarter. Financial Enhancement Group LLC lifted its holdings in Peabody Energy by 2.3% during the 4th quarter. Financial Enhancement Group LLC now owns 54,025 shares of the coal producer’s stock worth $1,257,000 after buying an additional 1,206 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Peabody Energy by 17,075.0% in the 3rd quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer’s stock valued at $36,000 after buying an additional 1,366 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Insider Activity at Peabody Energy

In related news, COO Darren Ronald Yeates sold 31,980 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 $1,995,262.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Peabody Energy news, Director Nicholas J. Chirekos sold 14,000 shares of the 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 sale, the director now directly owns 24,279 shares in the company, valued at $619,114.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Darren Ronald Yeates sold 31,980 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.48, for a total value of $814,850.40. Following the sale, the chief operating officer now directly owns 78,307 shares in the company, valued at approximately $1,995,262.36. The disclosure for this sale can be found here. Insiders have sold 52,806 shares of company stock worth $1,339,565 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Peabody Energy Price Performance

BTU opened at $23.94 on Friday. The company has a fifty day moving average price of $24.39 and a two-hundred day moving average price of $24.50. 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 firm has a market capitalization of $3.05 billion, a PE ratio of 4.81 and a beta of 0.98. Peabody Energy Co. has a 52 week low of $17.71 and a 52 week high of $27.24.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, February 8th. The coal producer reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm earned $2.65 earnings per share. The firm’s revenue for the quarter was down 24.1% on a year-over-year basis. As a group, analysts anticipate that Peabody Energy Co. will post 3.07 earnings per share for the current year.

Peabody Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BTU shares. B. Riley dropped their target price on Peabody Energy from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Benchmark reissued a “buy” rating and set a $28.00 price objective on shares of Peabody Energy in a report on Friday, April 12th.

Peabody Energy 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.