Gendell Jeffrey L Decreases Holdings in Peabody Energy Corporation $BTU

Gendell Jeffrey L trimmed its position in shares of Peabody Energy Corporation (NYSE:BTU) by 74.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,043 shares of the coal producer’s stock after selling 1,003,276 shares during the quarter. Gendell Jeffrey L owned 0.28% of Peabody Energy worth $4,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of BTU. Deutsche Bank AG grew its stake in shares of Peabody Energy by 29.8% during the 1st quarter. Deutsche Bank AG now owns 501,160 shares of the coal producer’s stock valued at $6,791,000 after purchasing an additional 115,172 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Peabody Energy by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer’s stock worth $20,574,000 after buying an additional 118,307 shares during the last quarter. Kapitalo Investimentos Ltda boosted its holdings in shares of Peabody Energy by 77.1% in the second quarter. Kapitalo Investimentos Ltda now owns 30,000 shares of the coal producer’s stock worth $403,000 after buying an additional 13,062 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in Peabody Energy during the first quarter valued at approximately $589,000. Finally, Public Sector Pension Investment Board increased its holdings in Peabody Energy by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 385,270 shares of the coal producer’s stock valued at $5,220,000 after buying an additional 82,563 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Price Performance

NYSE:BTU opened at $29.10 on Friday. The business’s 50-day simple moving average is $29.21 and its two-hundred day simple moving average is $21.25. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $35.99. The stock has a market cap of $3.54 billion, a PE ratio of -100.34 and a beta of 0.57. The company has a quick ratio of 1.49, a current ratio of 1.99 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.20 million. Peabody Energy had a negative return on equity of 0.25% and a negative net margin of 0.83%.The business’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. As a group, analysts forecast that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on BTU. Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a research report on Monday. UBS Group raised their target price on Peabody Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Research lowered Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Benchmark raised their price objective on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Wall Street Zen cut Peabody Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Peabody Energy presently has an average rating of “Hold” and an average target price of $27.40.

Peabody Energy Company Profile

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.