Geode Capital Management LLC Has $85.91 Million Holdings in Peabody Energy Corporation $BTU

Geode Capital Management LLC cut its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,892,010 shares of the coal producer’s stock after selling 39,567 shares during the period. Geode Capital Management LLC’s holdings in Peabody Energy were worth $85,912,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BTU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Peabody Energy by 1.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock worth $985,000 after buying an additional 700 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Peabody Energy by 45.3% during the first quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer’s stock worth $452,000 after buying an additional 10,401 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Peabody Energy during the first quarter worth $261,000. First Trust Advisors LP increased its holdings in shares of Peabody Energy by 21.4% during the second quarter. First Trust Advisors LP now owns 291,577 shares of the coal producer’s stock worth $3,913,000 after buying an additional 51,384 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Peabody Energy by 742.1% during the second quarter. Federated Hermes Inc. now owns 281,576 shares of the coal producer’s stock worth $3,779,000 after buying an additional 248,140 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Stock Performance

Shares of Peabody Energy stock opened at $28.20 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a twelve month low of $12.58 and a twelve month high of $41.14. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of -28.48 and a beta of 0.36. The company’s fifty day moving average is $27.93 and its 200 day moving average is $30.98.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.40). Peabody Energy had a negative return on equity of 2.80% and a negative net margin of 3.07%.The business had revenue of $973.30 million during the quarter, compared to the consensus estimate of $977.42 million. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that Peabody Energy Corporation will post 0.48 EPS for the current year.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 19th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.1%. Peabody Energy’s payout ratio is currently -30.30%.

Analyst Ratings Changes

Several research analysts have recently issued reports on BTU shares. B. Riley Financial downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $42.00 to $30.00 in a report on Thursday, April 30th. UBS Group reduced their price objective on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.13.

Peabody Energy 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.