Exchange Traded Concepts LLC Reduces Holdings in Peabody Energy Corporation $BTU

Exchange Traded Concepts LLC reduced its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 22.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 55,640 shares of the coal producer’s stock after selling 15,696 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Peabody Energy were worth $1,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Peabody Energy by 1.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock valued at $985,000 after acquiring an additional 700 shares in the last quarter. NewEdge Advisors LLC increased its position 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 purchasing an additional 10,401 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Peabody Energy in the 1st quarter valued at about $261,000. Legal & General Group Plc lifted its holdings in shares of Peabody Energy by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 274,537 shares of the coal producer’s stock valued at $3,684,000 after purchasing an additional 7,554 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Peabody Energy by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 312,916 shares of the coal producer’s stock valued at $4,199,000 after purchasing an additional 3,374 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Stock Down 0.4%

BTU opened at $32.83 on Thursday. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $41.14. The business has a 50 day moving average price of $35.07 and a two-hundred day moving average price of $31.36. The company has a quick ratio of 1.40, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. The company has a market cap of $4.00 billion, a PE ratio of -72.95 and a beta of 0.63.

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

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, February 23rd. Peabody Energy’s dividend payout ratio (DPR) is -66.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on BTU shares. B. Riley Financial dropped their price target on Peabody Energy from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Research downgraded Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. UBS Group raised their target price on shares of Peabody Energy from $34.50 to $36.50 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Wall Street Zen raised shares of Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group upped their price target on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Three investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.63.

Insider Buying and Selling at Peabody Energy

In other Peabody Energy news, CAO Scott T. Jarboe sold 2,151 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total value of $73,693.26. Following the transaction, the chief accounting officer directly owned 82,306 shares of the company’s stock, valued at approximately $2,819,803.56. The trade was a 2.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Darren Ronald Yeates sold 13,892 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total transaction of $505,668.80. Following the transaction, the chief operating officer owned 113,440 shares of the company’s stock, valued at approximately $4,129,216. The trade was a 10.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.41% of the company’s stock.

About Peabody Energy

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.