Allianz Asset Management GmbH Sells 143,449 Shares of Peabody Energy Corporation $BTU

Allianz Asset Management GmbH trimmed its holdings in Peabody Energy Corporation (NYSE:BTU) by 48.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 154,496 shares of the coal producer’s stock after selling 143,449 shares during the quarter. Allianz Asset Management GmbH’s holdings in Peabody Energy were worth $4,097,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings 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 valued at $25,000 after acquiring an additional 1,024 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Peabody Energy by 57.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock worth $30,000 after purchasing an additional 816 shares during the last quarter. CoreCap Advisors LLC grew its position in Peabody Energy by 763.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Peabody Energy during the 2nd quarter valued at $34,000. Finally, Jones Financial Companies Lllp raised its stake in Peabody Energy by 880.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,647 shares of the coal producer’s stock valued at $65,000 after buying an additional 2,377 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insider Activity at Peabody Energy

In other news, CAO Scott T. Jarboe sold 2,151 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $34.26, for a total value of $73,693.26. Following the completion of the transaction, the chief accounting officer owned 82,306 shares of the company’s stock, valued at $2,819,803.56. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by insiders.

Peabody Energy Price Performance

NYSE BTU opened at $36.02 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.40 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $39.95. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of -80.04 and a beta of 0.52. The company’s 50 day moving average is $32.69 and its two-hundred day moving average is $27.01.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, February 5th. The coal producer reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. As a group, research analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. Peabody Energy’s dividend payout ratio (DPR) is currently -66.67%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BTU. B. Riley Securities raised their price target on Peabody Energy from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. UBS Group upped their price target on shares of Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Benchmark raised their price objective on shares of Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group upped their target price on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.20.

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.