Allspring Global Investments Holdings LLC Cuts Stock Position in Peabody Energy Corporation $BTU

Allspring Global Investments Holdings LLC lessened its holdings in Peabody Energy Corporation (NYSE:BTU) by 76.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 134,579 shares of the coal producer’s stock after selling 447,352 shares during the period. Allspring Global Investments Holdings LLC owned 0.11% of Peabody Energy worth $4,129,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sourcerock Group LLC bought a new stake in Peabody Energy in the second quarter worth $28,092,000. State Street Corp increased its position in Peabody Energy by 19.3% in the second quarter. State Street Corp now owns 9,208,031 shares of the coal producer’s stock worth $123,572,000 after purchasing an additional 1,487,531 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Peabody Energy during the 2nd quarter valued at about $9,039,000. Gate City Capital Management LLC purchased a new stake in shares of Peabody Energy during the 2nd quarter valued at about $8,645,000. Finally, Merewether Investment Management LP purchased a new stake in shares of Peabody Energy during the 3rd quarter valued at about $15,151,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling at Peabody Energy

In other news, CAO Scott T. Jarboe sold 2,151 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $34.26, for a total transaction of $73,693.26. Following the transaction, the chief accounting officer owned 82,306 shares in the company, valued at approximately $2,819,803.56. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Darren Ronald Yeates sold 13,892 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.51% of the company’s stock.

Peabody Energy Stock Down 3.3%

NYSE:BTU opened at $31.93 on Wednesday. Peabody Energy Corporation has a twelve month low of $11.00 and a twelve month high of $41.14. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -70.96 and a beta of 0.63. The stock has a fifty day simple moving average of $34.74 and a 200-day simple moving average of $31.76. 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 company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Peabody Energy had a negative net margin of 1.37% and a negative return on equity of 0.93%. Peabody Energy’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. Analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, February 23rd. Peabody Energy’s dividend payout ratio (DPR) is presently -66.67%.

Analyst Ratings Changes

Several analysts have recently issued reports on BTU shares. UBS Group upped their target price on shares of Peabody Energy from $34.50 to $36.50 and gave the company a “neutral” rating in a research report on Friday, March 27th. Weiss Ratings lowered Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Wall Street Zen upgraded Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group lifted their target price on Peabody Energy from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Peabody Energy currently has a consensus rating of “Hold” and a consensus price target of $38.63.

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.