Geode Capital Management LLC Sells 39,567 Shares of Peabody Energy Corporation $BTU

Geode Capital Management LLC lessened its position in shares of Peabody Energy Corporation (NYSE:BTU) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,892,010 shares of the coal producer’s stock after selling 39,567 shares during the period. Geode Capital Management LLC owned approximately 2.38% of Peabody Energy worth $85,912,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BTU. Smartleaf Asset Management LLC raised its position in shares of Peabody Energy by 104.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock valued at $25,000 after buying an additional 1,024 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Peabody Energy by 258.7% in the third quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock valued at $43,000 after buying an additional 1,159 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Peabody Energy in the fourth quarter valued at approximately $59,000. Caitlin John LLC acquired a new stake in shares of Peabody Energy in the third quarter valued at approximately $61,000. Finally, Jones Financial Companies Lllp raised its position in shares of Peabody Energy by 880.4% in the third quarter. Jones Financial Companies Lllp now owns 2,647 shares of the coal producer’s stock valued at $65,000 after buying an additional 2,377 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BTU shares. Zacks Research downgraded shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Peabody Energy in a research report on Wednesday, May 20th. B. Riley Financial downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $42.00 to $30.00 in a research report on Thursday, April 30th. Finally, UBS Group lowered their price objective on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Peabody Energy presently has a consensus rating of “Hold” and a consensus target price of $34.13.

Peabody Energy Stock Up 0.3%

Shares of BTU opened at $28.20 on Monday. Peabody Energy Corporation has a one year low of $12.58 and a one year high of $41.14. The company has a market cap of $3.43 billion, a P/E ratio of -28.48 and a beta of 0.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $27.93 and a two-hundred day simple moving average of $30.98.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.40). Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The firm had revenue of $973.30 million for the quarter, compared to analyst estimates of $977.42 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts forecast that Peabody Energy Corporation will post 0.48 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, May 19th. Peabody Energy’s payout ratio is currently -30.30%.

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.