Pekin Hardy Strauss Inc. Sells 14,994 Shares of Peabody Energy Co. (NYSE:BTU)

Pekin Hardy Strauss Inc. lessened its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 23.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,876 shares of the coal producer’s stock after selling 14,994 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Peabody Energy were worth $1,189,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Peabody Energy by 84.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock worth $32,000 after acquiring an additional 568 shares in the last quarter. Federated Hermes Inc. increased its holdings in Peabody Energy by 17,075.0% during the 3rd quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer’s stock worth $36,000 after purchasing an additional 1,366 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Peabody Energy in the fourth quarter worth approximately $36,000. Quantbot Technologies LP bought a new position in shares of Peabody Energy in the third quarter valued at approximately $70,000. Finally, Byrne Asset Management LLC boosted its position in shares of Peabody Energy by 20.6% during the fourth quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer’s stock valued at $92,000 after buying an additional 630 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

BTU has been the topic of several recent analyst reports. B. Riley dropped their price objective on Peabody Energy from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Benchmark restated a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a report on Friday, April 12th.

Peabody Energy Stock Down 6.9 %

Shares of NYSE:BTU opened at $21.91 on Wednesday. The company has a market capitalization of $2.79 billion, a PE ratio of 4.40 and a beta of 0.98. Peabody Energy Co. has a 1 year low of $17.71 and a 1 year high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.06 and a quick ratio of 1.70. The business has a fifty day moving average price of $24.32 and a two-hundred day moving average price of $24.42.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The business’s quarterly revenue was down 24.1% on a year-over-year basis. During the same quarter last year, the business posted $2.65 EPS. Analysts forecast that Peabody Energy Co. will post 3.07 earnings per share for the current year.

Peabody Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, February 21st. Peabody Energy’s dividend payout ratio (DPR) is 6.02%.

Insiders Place Their Bets

In other news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the transaction, the chief financial officer now owns 75,464 shares in the company, valued at approximately $1,854,150.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Peabody Energy news, COO Darren Ronald Yeates sold 31,980 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.48, for a total transaction of $814,850.40. Following the sale, the chief operating officer now owns 78,307 shares of the company’s stock, valued at approximately $1,995,262.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Spurbeck sold 6,826 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the completion of the transaction, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The disclosure for this sale can be found here. Insiders sold 52,806 shares of company stock valued at $1,339,565 over the last ninety days. 0.40% of the stock is currently owned by insiders.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.