Peabody Energy Corporation (NYSE:BTU) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Peabody Energy Corporation (NYSE:BTU) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,391,909 shares of the coal producer’s stock after selling 30,491 shares during the period. Bank of New York Mellon Corp owned about 1.14% of Peabody Energy worth $18,860,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in Peabody Energy in the fourth quarter valued at about $3,474,000. GeoSphere Capital Management LLC lifted its position in shares of Peabody Energy by 132.2% during the 4th quarter. GeoSphere Capital Management LLC now owns 100,000 shares of the coal producer’s stock valued at $2,094,000 after acquiring an additional 56,929 shares during the period. PDT Partners LLC acquired a new stake in shares of Peabody Energy during the 4th quarter valued at approximately $4,515,000. Invesco Ltd. lifted its position in shares of Peabody Energy by 26.5% during the 4th quarter. Invesco Ltd. now owns 788,426 shares of the coal producer’s stock valued at $16,510,000 after acquiring an additional 164,987 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Peabody Energy during the 1st quarter worth approximately $156,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

BTU has been the subject of several research reports. B. Riley cut their price objective on Peabody Energy from $27.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Benchmark decreased their price target on shares of Peabody Energy from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Finally, UBS Group started coverage on shares of Peabody Energy in a research report on Tuesday. They set a “neutral” rating and a $14.00 price target for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Peabody Energy has an average rating of “Moderate Buy” and an average target price of $21.60.

Peabody Energy Stock Performance

Shares of BTU stock opened at $15.60 on Friday. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $29.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.77. The firm has a market capitalization of $1.90 billion, a P/E ratio of 5.82 and a beta of 0.52. The company’s fifty day moving average price is $14.00 and its two-hundred day moving average price is $14.69.

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

Peabody Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.30 annualized dividend and a yield of 1.92%. Peabody Energy’s dividend payout ratio (DPR) is 11.19%.

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.