Truist Financial Corp Increases Stock Position in Peabody Energy Co. (NYSE:BTU)

Truist Financial Corp lifted its holdings in shares of Peabody Energy Co. (NYSE:BTUFree Report) by 122.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,321 shares of the coal producer’s stock after purchasing an additional 18,350 shares during the period. Truist Financial Corp’s holdings in Peabody Energy were worth $810,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BTU. Glenorchy Capital Ltd acquired a new position in shares of Peabody Energy in the fourth quarter worth $1,593,000. Gimbal Financial purchased a new stake in Peabody Energy during the 4th quarter worth about $297,000. Duality Advisers LP acquired a new position in Peabody Energy in the 4th quarter valued at about $4,482,000. Daiwa Securities Group Inc. purchased a new position in Peabody Energy in the 4th quarter valued at about $36,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Peabody Energy during the 4th quarter worth about $306,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Price Performance

Peabody Energy stock opened at $22.48 on Wednesday. Peabody Energy Co. has a 1 year low of $17.71 and a 1 year high of $27.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.36. The firm has a 50 day moving average price of $23.78 and a 200 day moving average price of $24.22. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 6.26 and a beta of 1.01.

Peabody Energy (NYSE:BTUGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $983.60 million during the quarter, compared to analysts’ expectations of $980.03 million. Peabody Energy had a net margin of 11.62% and a return on equity of 14.98%. The business’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.69 EPS. Sell-side analysts predict that Peabody Energy Co. will post 2.22 earnings per share for the current year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.30 annualized dividend and a yield of 1.33%. Peabody Energy’s dividend payout ratio is presently 8.36%.

Insider Transactions at Peabody Energy

In related news, 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 completion of the sale, the chief financial officer now owns 75,464 shares of the company’s stock, valued at approximately $1,854,150.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

BTU has been the subject of a number of analyst reports. BMO Capital Markets cut their price objective on shares of Peabody Energy from $25.00 to $24.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Benchmark reiterated a “buy” rating and issued a $28.00 price target on shares of Peabody Energy in a report on Friday, May 3rd. Finally, B. Riley decreased their price objective on Peabody Energy from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Peabody Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

View Our Latest Stock Report on Peabody Energy

Peabody Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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