Mitsubishi UFJ Trust & Banking Corp Sells 191,998 Shares of Peabody Energy Corporation $BTU

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 77.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,658 shares of the coal producer’s stock after selling 191,998 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Peabody Energy were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Sourcerock Group LLC acquired a new position in shares of Peabody Energy in the 2nd quarter worth approximately $28,092,000. State Street Corp raised its stake in Peabody Energy by 19.3% during the second 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 last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Peabody Energy in the second quarter valued at $9,039,000. Gate City Capital Management LLC bought a new stake in Peabody Energy during the second quarter valued at $8,645,000. Finally, RPG Investment Advisory LLC acquired a new stake in Peabody Energy during the 2nd quarter worth about $8,243,000. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Peabody Energy

In related news, CAO Scott T. Jarboe sold 2,151 shares of Peabody Energy stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $34.26, for a total transaction of $73,693.26. Following the transaction, the chief accounting officer owned 82,306 shares of the company’s stock, valued at $2,819,803.56. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Peabody Energy Stock Down 2.4%

Peabody Energy stock opened at $35.25 on Friday. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of -121.55 and a beta of 0.41. The firm’s fifty day moving average price is $31.48 and its two-hundred day moving average price is $25.92. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $39.95. The company has a current ratio of 1.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings raised Peabody Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. UBS Group boosted their price target on Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Jefferies Financial Group lifted their price objective on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Zacks Research upgraded shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Wall Street Zen raised shares of Peabody Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.25.

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.