Allianz Asset Management GmbH Sells 143,449 Shares of Peabody Energy Corporation $BTU

Allianz Asset Management GmbH decreased its holdings in Peabody Energy Corporation (NYSE:BTU) by 48.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,496 shares of the coal producer’s stock after selling 143,449 shares during the period. Allianz Asset Management GmbH owned approximately 0.13% of Peabody Energy worth $4,097,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Peabody Energy by 21.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,716 shares of the coal producer’s stock valued at $72,000 after purchasing an additional 487 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Peabody Energy by 1.4% in the third quarter. Arizona State Retirement System now owns 35,982 shares of the coal producer’s stock worth $954,000 after buying an additional 504 shares during the period. GAMMA Investing LLC raised its holdings in Peabody Energy by 17.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,548 shares of the coal producer’s stock valued at $121,000 after buying an additional 662 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Peabody Energy by 1.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock valued at $985,000 after buying an additional 700 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in Peabody Energy by 1.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 67,513 shares of the coal producer’s stock worth $1,790,000 after acquiring an additional 927 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. B. Riley Securities upped their price objective on shares of Peabody Energy from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. UBS Group upped their price target on Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. B. Riley Financial lifted their price objective on Peabody Energy from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings upgraded Peabody Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Finally, Jefferies Financial Group raised their price target on Peabody Energy from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.20.

Insider Transactions at Peabody Energy

In related news, CAO Scott T. Jarboe sold 2,151 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total transaction of $73,693.26. Following the sale, the chief accounting officer directly owned 82,306 shares of the company’s stock, valued at approximately $2,819,803.56. This represents a 2.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Peabody Energy Trading Down 4.8%

BTU opened at $36.02 on Wednesday. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $39.95. The stock has a market cap of $4.38 billion, a PE ratio of -80.04 and a beta of 0.52. The company has a quick ratio of 1.40, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $32.69 and a 200-day moving average of $27.01.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, February 5th. The coal producer reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The firm’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Equities research analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, February 23rd. Peabody Energy’s payout ratio is -66.67%.

About Peabody Energy

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.