Peabody Energy Corporation $BTU Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in Peabody Energy Corporation (NYSE:BTU) by 23.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,983 shares of the coal producer’s stock after selling 45,479 shares during the quarter. Intech Investment Management LLC owned approximately 0.12% of Peabody Energy worth $1,965,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of Peabody Energy by 315.0% during the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer’s stock worth $27,000 after buying an additional 1,613 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Peabody Energy by 70.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer’s stock valued at $42,000 after buying an additional 1,281 shares in the last quarter. Byrne Asset Management LLC grew its holdings in Peabody Energy by 84.9% in the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer’s stock valued at $44,000 after buying an additional 1,490 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of Peabody Energy in the 1st quarter valued at $46,000. Finally, Parallel Advisors LLC lifted its stake in shares of Peabody Energy by 714.6% in the 1st quarter. Parallel Advisors LLC now owns 4,570 shares of the coal producer’s stock valued at $62,000 after purchasing an additional 4,009 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BTU shares. Wall Street Zen lowered Peabody Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. UBS Group increased their price objective on Peabody Energy from $14.00 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, B. Riley increased their price objective on Peabody Energy from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.90.

Peabody Energy Stock Up 2.3%

BTU opened at $20.50 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The business has a 50 day simple moving average of $16.92 and a 200-day simple moving average of $14.57. The stock has a market capitalization of $2.49 billion, a P/E ratio of 19.90 and a beta of 0.64. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $29.94.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $890.10 million during the quarter, compared to analyst estimates of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.42 earnings per share. On average, equities analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.30 annualized dividend and a yield of 1.5%. Peabody Energy’s payout ratio is currently 29.13%.

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.