Voya Investment Management LLC Sells 38,474 Shares of Peabody Energy Corporation $BTU

Voya Investment Management LLC reduced its stake in Peabody Energy Corporation (NYSE:BTU) by 40.3% during the third quarter, HoldingsChannel reports. The firm owned 56,958 shares of the coal producer’s stock after selling 38,474 shares during the period. Voya Investment Management LLC’s holdings in Peabody Energy were worth $1,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTU. Kapitalo Investimentos Ltda raised its stake in shares of Peabody Energy by 77.1% during the second quarter. Kapitalo Investimentos Ltda now owns 30,000 shares of the coal producer’s stock worth $403,000 after acquiring an additional 13,062 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Peabody Energy during the 1st quarter valued at $589,000. Drummond Knight Asset Management Pty Ltd purchased a new position in Peabody Energy in the 1st quarter worth $9,196,000. Bayforest Capital Ltd raised its position in Peabody Energy by 225.2% in the 2nd quarter. Bayforest Capital Ltd now owns 33,686 shares of the coal producer’s stock worth $452,000 after purchasing an additional 23,327 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Peabody Energy in the second quarter worth $9,039,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research lowered Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Peabody Energy in a research note on Monday, December 22nd. Benchmark boosted their price objective on Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, October 31st. UBS Group raised their target price on shares of Peabody Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, B. Riley lifted their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.75.

Peabody Energy Price Performance

Shares of BTU stock opened at $30.39 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.49 and a current ratio of 1.99. Peabody Energy Corporation has a fifty-two week low of $9.61 and a fifty-two week high of $35.99. The firm has a market cap of $3.70 billion, a P/E ratio of -104.79 and a beta of 0.57. The business’s 50 day moving average price is $28.68 and its 200-day moving average price is $22.63.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, October 30th. The coal producer reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $990.20 million. Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. Peabody Energy’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. On average, equities research analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, November 13th. Peabody Energy’s dividend payout ratio (DPR) is currently -103.45%.

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.