Integrated Advisors Network LLC Invests $5.25 Million in Peabody Energy Corporation $BTU

Integrated Advisors Network LLC acquired a new position in Peabody Energy Corporation (NYSE:BTU) in the 3rd quarter, HoldingsChannel reports. The fund acquired 197,961 shares of the coal producer’s stock, valued at approximately $5,250,000.

Several other institutional investors have also added to or reduced their stakes in BTU. State Street Corp boosted its position in Peabody Energy by 19.3% during the second quarter. State Street Corp now owns 9,208,031 shares of the coal producer’s stock worth $123,572,000 after purchasing an additional 1,487,531 shares during the period. American Century Companies Inc. lifted its stake in shares of Peabody Energy by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 4,071,360 shares of the coal producer’s stock valued at $54,638,000 after buying an additional 212,583 shares in the last quarter. Progeny 3 Inc. boosted its holdings in Peabody Energy by 0.5% in the 2nd quarter. Progeny 3 Inc. now owns 3,916,934 shares of the coal producer’s stock worth $52,565,000 after buying an additional 18,920 shares during the period. Geode Capital Management LLC grew its stake in Peabody Energy by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,009,472 shares of the coal producer’s stock valued at $40,395,000 after buying an additional 40,785 shares in the last quarter. Finally, Sourcerock Group LLC purchased a new position in Peabody Energy in the 2nd quarter valued at approximately $28,092,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on BTU shares. Zacks Research lowered Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. UBS Group increased their price objective on Peabody Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings downgraded Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. B. Riley Financial lifted their target price on Peabody Energy from $38.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.00.

Insider Buying and Selling at Peabody Energy

In other news, CAO Scott T. Jarboe sold 2,151 shares of Peabody Energy stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total transaction of $73,693.26. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the chief operating officer owned 113,440 shares of the company’s stock, valued at $4,129,216. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.41% of the company’s stock.

Peabody Energy Stock Performance

NYSE:BTU opened at $32.22 on Friday. The stock has a market cap of $3.92 billion, a P/E ratio of -71.60 and a beta of 0.52. 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 business’s 50-day moving average price is $33.90 and its two-hundred day moving average price is $28.32. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $39.95.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, February 5th. The coal producer reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $1.02 billion for 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 firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. As a group, equities analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.9%. Peabody Energy’s dividend payout ratio is presently -66.67%.

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.