Peabody Energy Co. (NYSE:BTU) Stock Position Decreased by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its holdings in Peabody Energy Co. (NYSE:BTU) by 55.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,981 shares of the coal producer’s stock after selling 10,985 shares during the period. Mackenzie Financial Corp’s holdings in Peabody Energy were worth $218,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Peabody Energy by 84.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock worth $32,000 after purchasing an additional 568 shares during the period. Federated Hermes Inc. grew its stake in Peabody Energy by 17,075.0% during the 3rd quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer’s stock worth $36,000 after buying an additional 1,366 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Peabody Energy in the third quarter worth $70,000. Byrne Asset Management LLC lifted its stake in Peabody Energy by 20.6% in the fourth quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer’s stock valued at $92,000 after buying an additional 630 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Peabody Energy during the third quarter valued at $182,000. Institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling at Peabody Energy

In other news, COO Darren Ronald Yeates sold 31,980 shares of the company’s stock in a transaction 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 owns 78,307 shares in the company, valued at $1,995,262.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the sale, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,806 shares of company stock valued at $1,339,565. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Peabody Energy Price Performance

Shares of BTU opened at $23.65 on Monday. Peabody Energy Co. has a one year low of $17.71 and a one year high of $27.24. The stock’s fifty day moving average is $24.38 and its 200-day moving average is $24.46. 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 $3.01 billion, a price-to-earnings ratio of 4.75 and a beta of 0.98.

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

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Wednesday, February 21st. Peabody Energy’s payout ratio is currently 6.02%.

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.