Envestnet Asset Management Inc. Makes New Investment in Peabody Energy Corporation $BTU

Envestnet Asset Management Inc. acquired a new stake in Peabody Energy Corporation (NYSE:BTU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 322,464 shares of the coal producer’s stock, valued at approximately $8,552,000. Envestnet Asset Management Inc. owned about 0.27% of Peabody Energy as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Peabody Energy by 1.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock worth $985,000 after acquiring an additional 700 shares during the last quarter. NewEdge Advisors LLC grew its position in Peabody Energy by 45.3% during the first quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer’s stock worth $452,000 after buying an additional 10,401 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Peabody Energy during the first quarter worth $261,000. Vanguard Personalized Indexing Management LLC grew its stake in Peabody Energy by 87.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,414 shares of the coal producer’s stock valued at $287,000 after acquiring an additional 9,974 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Peabody Energy by 2.8% during the 2nd quarter. Yousif Capital Management LLC now owns 49,985 shares of the coal producer’s stock worth $671,000 after purchasing an additional 1,348 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BTU. Wall Street Zen upgraded shares of Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Jefferies Financial Group upped their target price on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Zacks Research downgraded shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note 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, B. Riley Financial upped their target price on Peabody Energy from $38.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Peabody Energy currently has a consensus rating of “Hold” and an average target price of $37.00.

Insider Buying and Selling

In other Peabody Energy news, CAO Scott T. Jarboe sold 2,151 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total value 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 represents a 2.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Darren Ronald Yeates sold 13,892 shares of Peabody Energy 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 sale, the chief operating officer directly owned 113,440 shares of the company’s stock, valued at approximately $4,129,216. The trade was a 10.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.41% of the stock is owned by corporate insiders.

Peabody Energy Trading Up 1.9%

Peabody Energy stock opened at $33.93 on Friday. Peabody Energy Corporation has a 1 year low of $9.61 and a 1 year high of $39.95. The firm’s 50 day moving average price is $33.46 and its two-hundred day moving average price is $27.75. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of -75.41 and a beta of 0.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.40 and a current ratio of 1.85.

Peabody Energy (NYSE:BTU) last released its earnings results on Thursday, February 5th. The coal producer reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $1.02 billion during 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%.The business’s revenue was down 9.0% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. On average, research analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

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

Peabody Energy 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.