Peabody Energy Co. (NYSE:BTU) Position Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,533 shares of the coal producer’s stock after selling 1,132 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Peabody Energy were worth $621,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Peabody Energy by 84.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock valued at $32,000 after purchasing an additional 568 shares during the period. Federated Hermes Inc. increased its stake in Peabody Energy by 17,075.0% during the 3rd quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer’s stock valued at $36,000 after buying an additional 1,366 shares during the period. Quantbot Technologies LP bought a new stake in shares of Peabody Energy during the 3rd quarter worth about $70,000. SG Americas Securities LLC acquired a new stake in shares of Peabody Energy in the 3rd quarter worth approximately $182,000. Finally, RiverGlades Family Offices LLC bought a new position in shares of Peabody Energy in the third quarter valued at approximately $213,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insiders Place Their Bets

In other news, COO Darren Ronald Yeates sold 31,980 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.48, for a total transaction of $814,850.40. Following the sale, the chief operating officer now owns 78,307 shares in the company, valued at $1,995,262.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Peabody Energy news, Director Nicholas J. Chirekos sold 14,000 shares of Peabody Energy stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.50, for a total transaction of $357,000.00. Following the transaction, the director now owns 24,279 shares of the company’s stock, valued at approximately $619,114.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Darren Ronald Yeates sold 31,980 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.48, for a total value of $814,850.40. Following the completion of the transaction, the chief operating officer now owns 78,307 shares in the company, valued at approximately $1,995,262.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,806 shares of company stock worth $1,339,565. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

BTU has been the subject of a number of research analyst reports. B. Riley cut their target price on Peabody Energy from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Benchmark restated a “buy” rating and issued a $28.00 price objective on shares of Peabody Energy in a report on Friday, April 12th.

Peabody Energy Stock Up 2.0 %

BTU stock opened at $23.94 on Friday. The firm has a market cap of $3.05 billion, a PE ratio of 4.81 and a beta of 0.98. Peabody Energy Co. has a 12 month low of $17.71 and a 12 month high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.06 and a quick ratio of 1.70. The firm has a 50 day simple moving average of $24.39 and a 200 day simple moving average of $24.50.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.08). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. Peabody Energy’s quarterly revenue was down 24.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.65 EPS. Equities research analysts forecast that Peabody Energy Co. will post 3.07 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 22nd were given a $0.075 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. Peabody Energy’s dividend payout ratio (DPR) is 6.02%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.