Bank of New York Mellon Corp Decreases Stock Holdings in Peabody Energy Corporation $BTU

Bank of New York Mellon Corp lessened its stake in Peabody Energy Corporation (NYSE:BTU) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,303,507 shares of the coal producer’s stock after selling 88,402 shares during the period. Bank of New York Mellon Corp owned 1.07% of Peabody Energy worth $17,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of Peabody Energy by 315.0% in the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer’s stock valued at $27,000 after buying an additional 1,613 shares in the last quarter. Cerity Partners LLC purchased a new stake in Peabody Energy during the first quarter valued at approximately $236,000. CWM LLC boosted its stake in Peabody Energy by 2,166.6% in the first quarter. CWM LLC now owns 14,189 shares of the coal producer’s stock valued at $192,000 after acquiring an additional 13,563 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Peabody Energy by 265.4% in the first quarter. Victory Capital Management Inc. now owns 330,194 shares of the coal producer’s stock valued at $4,474,000 after acquiring an additional 239,826 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Peabody Energy by 11.9% in the first quarter. Allianz Asset Management GmbH now owns 284,336 shares of the coal producer’s stock worth $3,853,000 after purchasing an additional 30,302 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Stock Performance

Shares of BTU stock opened at $28.83 on Monday. The business has a fifty day moving average of $27.35 and a 200 day moving average of $19.41. Peabody Energy Corporation has a 1 year low of $9.61 and a 1 year high of $35.99. 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 firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 27.99 and a beta of 0.50.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $990.20 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. As a group, research analysts expect that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, November 13th. Peabody Energy’s dividend payout ratio is -103.45%.

Analyst Ratings Changes

Several analysts have recently commented on BTU shares. UBS Group increased their price objective on Peabody Energy from $17.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Zacks Research lowered Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Benchmark increased their price target on Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Weiss Ratings downgraded shares of Peabody Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.00.

About Peabody Energy

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.