Peabody Energy Corporation (NYSE:BTU) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in Peabody Energy Corporation (NYSE:BTU) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,942 shares of the coal producer’s stock after selling 1,099 shares during the period. Amalgamated Bank’s holdings in Peabody Energy were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Peabody Energy by 167.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer’s stock worth $25,000 after buying an additional 744 shares in the last quarter. Quarry LP purchased a new position in Peabody Energy during the fourth quarter worth approximately $26,000. Altshuler Shaham Ltd lifted its position in Peabody Energy by 45.0% during the fourth quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer’s stock worth $61,000 after buying an additional 900 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Peabody Energy by 70.7% during the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer’s stock worth $42,000 after buying an additional 1,281 shares in the last quarter. Finally, Natixis purchased a new position in Peabody Energy during the fourth quarter worth approximately $67,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Price Performance

NYSE:BTU opened at $14.81 on Friday. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.80 billion, a P/E ratio of 5.53 and a beta of 0.52. The stock’s fifty day moving average is $13.85 and its two-hundred day moving average is $14.90.

Peabody Energy (NYSE:BTU) last posted its earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.20. Peabody Energy had a return on equity of 10.05% and a net margin of 8.73%. The company had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.03%. Peabody Energy’s payout ratio is presently 11.19%.

Analyst Ratings Changes

BTU has been the topic of a number of analyst reports. B. Riley reduced their price objective on Peabody Energy from $27.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Benchmark reduced their target price on Peabody Energy from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th.

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.