Insider Selling: Peabody Energy Corp. Director Sells 2,275 Shares of Stock (BTU)
Peabody Energy Corp. (NYSE:BTU) Director Robert B. Karn III sold 2,275 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $16.33, for a total transaction of $37,150.75. Following the sale, the director now directly owns 21,711 shares in the company, valued at approximately $354,541. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Peabody Energy Corp. (NYSE:BTU) traded up 1.89% during mid-day trading on Tuesday, hitting $16.68. 6,420,879 shares of the company’s stock traded hands. Peabody Energy Corp. has a 1-year low of $14.34 and a 1-year high of $25.13. The stock’s 50-day moving average is $17.69 and its 200-day moving average is $18.09. The company’s market cap is $4.459 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 27th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, February 4th.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Peabody Energy Corp. from $28.00 to $25.00 in a research note on Friday, January 31st. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Peabody Energy Corp. in a research note on Friday, January 31st. They now have a $21.00 price target on the stock, down previously from $25.00. Finally, analysts at Clarkson Capital upgraded shares of Peabody Energy Corp. from a “market perform” rating to an “outperform” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $24.59.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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