Mountain Lake Investment Management LLC Sells 24,925 Shares of Peabody Energy Corporation $BTU

Mountain Lake Investment Management LLC lessened its position in shares of Peabody Energy Corporation (NYSE:BTU) by 42.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,420 shares of the coal producer’s stock after selling 24,925 shares during the period. Peabody Energy accounts for 0.7% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its 25th largest position. Mountain Lake Investment Management LLC’s holdings in Peabody Energy were worth $913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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. NewEdge Advisors LLC boosted 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 purchasing an additional 10,401 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Peabody Energy during the first quarter worth about $261,000. PNC Financial Services Group Inc. increased its stake in shares of Peabody Energy by 93.8% in the second quarter. PNC Financial Services Group Inc. now owns 10,629 shares of the coal producer’s stock worth $143,000 after purchasing an additional 5,145 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Peabody Energy by 1.4% in the second quarter. Geode Capital Management LLC now owns 3,009,472 shares of the coal producer’s stock worth $40,395,000 after purchasing an additional 40,785 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BTU. UBS Group upped their price target on shares of Peabody Energy from $34.00 to $34.50 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Weiss Ratings lowered shares of Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research downgraded Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group lifted their price target on Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.38.

Peabody Energy Trading Up 1.2%

Shares of Peabody Energy stock opened at $35.05 on Tuesday. The company’s 50-day moving average price is $34.73 and its 200-day moving average price is $29.90. 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 Corporation has a 12-month low of $9.61 and a 12-month high of $39.95. The company has a market cap of $4.27 billion, a price-to-earnings ratio of -77.88 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 firm had revenue of $1.02 billion for 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 revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities analysts expect that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

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

Insiders Place Their Bets

In other news, CAO Scott T. Jarboe sold 2,151 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total transaction of $73,693.26. Following the completion of the transaction, the chief accounting officer directly owned 82,306 shares in the company, valued at $2,819,803.56. The trade was a 2.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Darren Ronald Yeates sold 13,892 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total transaction 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. The trade was 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.

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.