Peabody Energy (NYSE:BTU) had its price objective cut by MKM Partners from $44.00 to $40.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a buy rating on the coal producer’s stock.

A number of other research firms have also recently issued reports on BTU. Zacks Investment Research upgraded Peabody Energy from a hold rating to a strong-buy rating and set a $41.00 price objective for the company in a report on Tuesday, February 5th. Clarkson Capital upgraded Peabody Energy from a neutral rating to a buy rating in a report on Wednesday, January 16th. Credit Suisse Group assumed coverage on Peabody Energy in a report on Wednesday, March 20th. They issued an outperform rating and a $42.00 price objective for the company. BMO Capital Markets assumed coverage on Peabody Energy in a report on Wednesday, March 20th. They issued a market perform rating and a $34.00 price objective for the company. Finally, B. Riley cut their price objective on Peabody Energy to $37.00 and set a buy rating for the company in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $38.75.

Shares of BTU traded up $0.08 during midday trading on Wednesday, reaching $28.02. The stock had a trading volume of 2,459 shares, compared to its average volume of 845,679. Peabody Energy has a 12-month low of $27.10 and a 12-month high of $47.84. The company has a current ratio of 1.85, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $3.02 billion, a P/E ratio of 8.91 and a beta of 0.62.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, February 6th. The coal producer reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.20. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business earned $2.47 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, equities research analysts predict that Peabody Energy will post 1.95 EPS for the current year.

The business also recently announced a special dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 12th were paid a $1.85 dividend. This represents a dividend yield of 1.69%. The ex-dividend date was Monday, March 11th. Peabody Energy’s dividend payout ratio (DPR) is presently 16.51%.

In other news, insider George John Schuller, Jr. sold 16,971 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $27.98, for a total value of $474,848.58. Following the completion of the sale, the insider now owns 45,164 shares of the company’s stock, valued at approximately $1,263,688.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP A. Verona Dorch sold 33,527 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $27.98, for a total value of $938,085.46. Following the completion of the sale, the executive vice president now directly owns 77,289 shares of the company’s stock, valued at approximately $2,162,546.22. The disclosure for this sale can be found here. In the last three months, insiders sold 58,979 shares of company stock valued at $1,663,697. 0.42% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smith Asset Management Group LP bought a new position in Peabody Energy during the 4th quarter valued at approximately $33,000. Advisors Asset Management Inc. raised its position in Peabody Energy by 9.4% during the 4th quarter. Advisors Asset Management Inc. now owns 7,282 shares of the coal producer’s stock valued at $222,000 after purchasing an additional 627 shares during the last quarter. Hsbc Holdings PLC raised its position in Peabody Energy by 25.7% during the 4th quarter. Hsbc Holdings PLC now owns 8,336 shares of the coal producer’s stock valued at $254,000 after purchasing an additional 1,702 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in Peabody Energy during the 4th quarter valued at approximately $366,000. Finally, Cigna Investments Inc. New raised its position in Peabody Energy by 56.1% during the 4th quarter. Cigna Investments Inc. New now owns 13,191 shares of the coal producer’s stock valued at $402,000 after purchasing an additional 4,743 shares during the last quarter.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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Analyst Recommendations for Peabody Energy (NYSE:BTU)

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