WINTON GROUP Ltd lessened its position in shares of Peabody Energy Corporation (NYSE:BTU – Free Report) by 79.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,450 shares of the coal producer’s stock after selling 70,778 shares during the quarter. WINTON GROUP Ltd’s holdings in Peabody Energy were worth $548,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Peabody Energy during the 4th quarter worth approximately $90,603,000. Sourcerock Group LLC acquired a new stake in shares of Peabody Energy during the 2nd quarter worth approximately $28,092,000. State Street Corp grew its position in shares of Peabody Energy by 19.3% during the 2nd quarter. State Street Corp now owns 9,208,031 shares of the coal producer’s stock worth $123,572,000 after buying an additional 1,487,531 shares during the period. Phoenix Financial Ltd. acquired a new stake in shares of Peabody Energy during the 4th quarter worth approximately $38,125,000. Finally, Vanguard Group Inc. grew its position in shares of Peabody Energy by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer’s stock worth $449,512,000 after buying an additional 1,191,438 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.
Peabody Energy Price Performance
Shares of BTU opened at $26.26 on Thursday. Peabody Energy Corporation has a 12-month low of $12.58 and a 12-month high of $41.14. The business’s fifty day moving average is $27.31 and its 200 day moving average is $30.97. The company has a quick ratio of 1.37, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.20 billion, a P/E ratio of -26.52 and a beta of 0.36.
Peabody Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.075 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.30 annualized dividend and a yield of 1.1%. Peabody Energy’s dividend payout ratio (DPR) is -30.30%.
Analyst Ratings Changes
Several analysts have recently commented on the stock. UBS Group reduced 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. B. Riley Financial cut Peabody Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $30.00 in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Peabody Energy in a report on Wednesday, May 20th. Finally, Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Two 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.com, Peabody Energy currently has an average rating of “Hold” and an average target price of $34.13.
Check Out Our Latest Analysis on BTU
Peabody Energy Company 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.
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