Peabody Energy Corporation $BTU Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its position in shares of Peabody Energy Corporation (NYSE:BTU) by 22.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,640 shares of the coal producer’s stock after selling 15,696 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Peabody Energy were worth $1,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Argentarii LLC purchased a new position in shares of Peabody Energy in the fourth quarter valued at approximately $374,000. Byrne Asset Management LLC increased its stake in Peabody Energy by 89.7% during the 4th quarter. Byrne Asset Management LLC now owns 6,771 shares of the coal producer’s stock worth $201,000 after buying an additional 3,201 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Peabody Energy during the 4th quarter worth approximately $8,345,000. GAMMA Investing LLC lifted its holdings in Peabody Energy by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 5,598 shares of the coal producer’s stock worth $166,000 after buying an additional 1,050 shares in the last quarter. Finally, Hudson Bay Capital Management LP boosted its position in Peabody Energy by 29.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 2,422,266 shares of the coal producer’s stock valued at $64,238,000 after buying an additional 546,018 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BTU has been the subject of several research reports. Wall Street Zen upgraded shares of Peabody Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. UBS Group lifted their target price on Peabody Energy from $34.50 to $36.50 and gave the company a “neutral” rating in a report on Friday, March 27th. Jefferies Financial Group boosted their target price on Peabody Energy from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. B. Riley Financial cut their price target on Peabody Energy from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Weiss Ratings lowered Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.63.

Peabody Energy Trading Down 0.4%

Shares of NYSE:BTU opened at $32.83 on Thursday. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $41.14. The company’s 50 day moving average is $35.07 and its two-hundred day moving average is $31.36. The company has a market cap of $4.00 billion, a PE ratio of -72.95 and a beta of 0.63. The company has a current ratio of 1.85, a quick ratio of 1.40 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data 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 firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.Peabody Energy’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. Equities analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, February 23rd. Peabody Energy’s dividend payout ratio is currently -66.67%.

Insider Activity

In other news, COO Darren Ronald Yeates sold 13,892 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total value of $505,668.80. Following the transaction, the chief operating officer owned 113,440 shares in the company, valued at approximately $4,129,216. This represents a 10.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott T. Jarboe sold 2,151 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $34.26, for a total value of $73,693.26. Following the sale, the chief accounting officer directly owned 82,306 shares in the company, valued at $2,819,803.56. This trade represents a 2.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.