Voya Investment Management LLC Decreases Holdings in Peabody Energy Corporation $BTU

Voya Investment Management LLC decreased its stake in Peabody Energy Corporation (NYSE:BTU) by 40.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,958 shares of the coal producer’s stock after selling 38,474 shares during the period. Voya Investment Management LLC’s holdings in Peabody Energy were worth $1,511,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its stake in shares of Peabody Energy by 104.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock worth $25,000 after purchasing an additional 1,024 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Peabody Energy by 57.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock valued at $30,000 after purchasing an additional 816 shares during the period. Signaturefd LLC increased its position in Peabody Energy by 48.5% in the second quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock worth $32,000 after buying an additional 768 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Peabody Energy in the second quarter valued at $34,000. Finally, GAMMA Investing LLC lifted its position in shares of Peabody Energy by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,886 shares of the coal producer’s stock valued at $52,000 after buying an additional 1,533 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. B. Riley lifted their price objective on Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Benchmark lifted their target price on shares of Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Wall Street Zen lowered shares of Peabody Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, UBS Group boosted their target price on shares of Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Peabody Energy presently has a consensus rating of “Hold” and a consensus price target of $27.75.

Peabody Energy Price Performance

Shares of NYSE:BTU opened at $30.39 on Tuesday. The company has a 50 day moving average of $28.68 and a 200 day moving average of $22.63. The company has a current ratio of 1.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.70 billion, a P/E ratio of -104.79 and a beta of 0.57. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $35.99.

Peabody Energy (NYSE:BTU) last announced its quarterly 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). The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.20 million. Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. As a group, sell-side analysts forecast that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, November 13th. Peabody Energy’s payout ratio is presently -103.45%.

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.