Peabody Energy Corporation (NYSE:BTU) to Issue Quarterly Dividend of $0.08

Peabody Energy Corporation (NYSE:BTU) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 19th will be given a dividend of 0.075 per share by the coal producer on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, May 19th.

Peabody Energy has a dividend payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Peabody Energy to earn $2.98 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.1%.

Peabody Energy Stock Performance

BTU stock traded down $1.55 during mid-day trading on Tuesday, hitting $24.97. The company had a trading volume of 6,939,407 shares, compared to its average volume of 3,362,027. The firm has a market cap of $3.04 billion, a PE ratio of -55.49 and a beta of 0.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.40 and a current ratio of 1.85. Peabody Energy has a 12 month low of $12.58 and a 12 month high of $41.14. The stock’s fifty day moving average price is $32.13 and its two-hundred day moving average price is $31.58.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.33). Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, analysts forecast that Peabody Energy will post 2.13 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Darren Ronald Yeates sold 13,892 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $36.40, for a total value of $505,668.80. Following the completion of the sale, the chief operating officer owned 113,440 shares of the company’s stock, valued at approximately $4,129,216. This represents a 10.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Peabody Energy

A number of institutional investors have recently made changes to their positions in BTU. Valued Wealth Advisors LLC bought a new stake in Peabody Energy during the 1st quarter valued at $25,000. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 1,024 shares during the last quarter. CoreCap Advisors LLC raised its holdings 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Peabody Energy in the 4th quarter worth $37,000. Finally, Hantz Financial Services Inc. raised its holdings in Peabody Energy by 258.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock worth $43,000 after purchasing an additional 1,159 shares in the last quarter. Hedge funds and other institutional investors own 87.44% 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.