Nwam LLC Sells 27,208 Shares of Peabody Energy Corporation $BTU

Nwam LLC lowered its stake in shares of Peabody Energy Corporation (NYSE:BTUFree Report) by 25.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,501 shares of the coal producer’s stock after selling 27,208 shares during the quarter. Nwam LLC owned 0.06% of Peabody Energy worth $2,587,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. AMG National Trust Bank bought a new position in shares of Peabody Energy during the 1st quarter valued at about $419,000. Principal Financial Group Inc. lifted its position in Peabody Energy by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 591,021 shares of the coal producer’s stock worth $19,474,000 after buying an additional 11,435 shares during the last quarter. Fifth Third Bancorp boosted its stake in Peabody Energy by 2,579.2% in the first quarter. Fifth Third Bancorp now owns 27,489 shares of the coal producer’s stock worth $906,000 after buying an additional 26,463 shares in the last quarter. U S Global Investors Inc. purchased a new stake in Peabody Energy in the first quarter worth approximately $283,000. Finally, Valued Wealth Advisors LLC bought a new position in Peabody Energy during the first quarter valued at approximately $25,000. 87.44% of the stock is owned by institutional investors.

Peabody Energy Price Performance

BTU stock opened at $23.56 on Thursday. The firm’s 50-day moving average price is $25.02 and its two-hundred day moving average price is $30.16. Peabody Energy Corporation has a 12-month low of $14.25 and a 12-month high of $41.14. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of -23.79 and a beta of 0.38. The company has a current ratio of 1.87, a quick ratio of 1.37 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTUGet Free Report) last posted its earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.40). The firm had revenue of $973.30 million for the quarter, compared to analysts’ expectations of $977.42 million. Peabody Energy had a negative return on equity of 2.80% and a negative net margin of 3.07%.The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. As a group, equities analysts predict that Peabody Energy Corporation will post 0.48 earnings per share for the current year.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th were issued a $0.075 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.30 annualized dividend and a yield of 1.3%. Peabody Energy’s dividend payout ratio (DPR) is -30.30%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BTU shares. Weiss Ratings cut shares of Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. UBS Group cut their price target 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 reduced their price objective for the company from $42.00 to $30.00 in a research note on Thursday, April 30th. Finally, Zacks Research upgraded Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Peabody Energy presently has a consensus rating of “Hold” and an average target price of $34.12.

Check Out Our Latest Stock Analysis on BTU

Key Peabody Energy News

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Peabody Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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