Intech Investment Management LLC Sells 250,264 Shares of Peabody Energy Corporation $BTU

Intech Investment Management LLC cut its position in Peabody Energy Corporation (NYSE:BTU) by 88.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,852 shares of the coal producer’s stock after selling 250,264 shares during the period. Intech Investment Management LLC’s holdings in Peabody Energy were worth $898,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BTU. Smartleaf Asset Management LLC lifted its position in Peabody Energy by 104.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock valued at $25,000 after purchasing an additional 1,024 shares during the period. CoreCap Advisors LLC raised its holdings in Peabody Energy by 763.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock worth $30,000 after buying an additional 1,000 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Peabody Energy in the 2nd quarter worth $34,000. Hantz Financial Services Inc. boosted its position in shares of Peabody Energy by 258.7% during the third quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock worth $43,000 after buying an additional 1,159 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Peabody Energy by 880.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,647 shares of the coal producer’s stock worth $65,000 after acquiring an additional 2,377 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Performance

Shares of BTU opened at $32.13 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.40. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $39.95. The stock has a 50-day moving average of $34.23 and a 200-day moving average of $29.15. The company has a market cap of $3.91 billion, a PE ratio of -71.40 and a beta of 0.54.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, February 5th. The coal producer reported $0.09 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 return on equity of 0.93% and a negative net margin of 1.37%.The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, equities research analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, February 23rd. Peabody Energy’s dividend payout ratio (DPR) is -66.67%.

Insiders Place Their Bets

In related news, CAO Scott T. Jarboe sold 2,151 shares of the stock in a transaction on 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 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 the SEC website. Also, COO Darren Ronald Yeates sold 13,892 shares of the 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 completion of the transaction, the chief operating officer directly owned 113,440 shares in the company, valued at approximately $4,129,216. This represents a 10.91% decrease in their position. The SEC filing for this sale provides additional information. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen upgraded Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. UBS Group increased their price target on shares of Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Zacks Research downgraded Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Jefferies Financial Group boosted their price target on Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings cut shares of Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Three 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.com, the company has a consensus rating of “Hold” and an average price target of $37.00.

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.