Covestor Ltd Has $170,000 Holdings in Peabody Energy Corporation $BTU

Covestor Ltd trimmed its holdings in Peabody Energy Corporation (NYSE:BTU) by 82.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,426 shares of the coal producer’s stock after selling 29,827 shares during the period. Covestor Ltd’s holdings in Peabody Energy were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC grew its position in shares of Peabody Energy by 763.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Smartleaf Asset Management LLC lifted its stake in Peabody Energy by 104.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock valued at $25,000 after buying an additional 1,024 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Peabody Energy by 57.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock valued at $30,000 after buying an additional 816 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Peabody Energy by 48.5% in the second quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock valued at $32,000 after buying an additional 768 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Peabody Energy in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Price Performance

NYSE:BTU opened at $37.97 on Friday. Peabody Energy Corporation has a 52-week low of $9.61 and a 52-week high of $39.95. The company has a market cap of $4.62 billion, a P/E ratio of -130.91 and a beta of 0.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.49 and a current ratio of 1.99. The stock’s 50-day simple moving average is $30.66 and its 200 day simple moving average is $25.19.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $990.20 million. Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. As a group, sell-side analysts forecast that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. Peabody Energy’s dividend payout ratio (DPR) is currently -103.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BTU. Zacks Research raised shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Benchmark upped their price objective on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings upgraded Peabody Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Jefferies Financial Group lifted their target price on Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a research report on Friday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Insider Buying and Selling at Peabody Energy

In related news, CAO Scott T. Jarboe sold 2,151 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total transaction of $73,693.26. Following the transaction, the chief accounting officer directly owned 82,306 shares in the company, valued at approximately $2,819,803.56. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.