Gate City Capital Management LLC Trims Holdings in Peabody Energy Corporation $BTU

Gate City Capital Management LLC lowered its holdings in shares of Peabody Energy Corporation (NYSE:BTU) by 44.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 609,806 shares of the coal producer’s stock after selling 481,537 shares during the quarter. Peabody Energy accounts for about 7.8% of Gate City Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Gate City Capital Management LLC’s holdings in Peabody Energy were worth $18,111,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Signaturefd LLC grew its holdings in shares of Peabody Energy by 11.6% during the 4th quarter. Signaturefd LLC now owns 2,625 shares of the coal producer’s stock valued at $78,000 after purchasing an additional 272 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Peabody Energy by 24.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,487 shares of the coal producer’s stock valued at $67,000 after purchasing an additional 481 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Peabody Energy by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,849 shares of the coal producer’s stock worth $827,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Peabody Energy by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,078 shares of the coal producer’s stock worth $329,000 after acquiring an additional 588 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Peabody Energy by 1.0% in the 1st 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. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

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

Peabody Energy Trading Down 2.0%

Shares of BTU opened at $25.51 on Wednesday. The firm’s 50-day moving average price is $26.76 and its 200-day moving average price is $30.97. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of -25.77 and a beta of 0.36. The company has a current ratio of 1.87, a quick ratio of 1.37 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 1-year low of $12.58 and a 1-year high of $41.14.

Peabody Energy (NYSE:BTU) last announced its earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $973.30 million for the quarter, compared to the consensus estimate of $977.42 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts anticipate that Peabody Energy Corporation will post 0.48 EPS for the current year.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 19th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, May 19th. Peabody Energy’s dividend payout ratio (DPR) is -30.30%.

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.