Peabody Energy (BTU) Trading Down 7%

Shares of Peabody Energy Co. (NYSE:BTU) traded down 7% during trading on Monday . The stock traded as low as $27.36 and last traded at $27.54. 608,500 shares were traded during trading, a decline of 27% from the average session volume of 828,600 shares. The stock had previously closed at $29.60.

Several equities analysts recently weighed in on BTU shares. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Monday, May 6th. Credit Suisse Group started coverage on shares of Peabody Energy in a research report on Wednesday, March 20th. They set an “outperform” rating and a $42.00 price objective on the stock. MKM Partners cut their price objective on shares of Peabody Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Deutsche Bank started coverage on shares of Peabody Energy in a research report on Sunday, March 31st. They set a “buy” rating and a $33.00 price objective on the stock. Finally, Clarkson Capital raised shares of Peabody Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $37.63.

The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 9.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.52 and a current ratio of 1.77.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Wednesday, May 1st. The coal producer reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.65. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Peabody Energy had a net margin of 10.61% and a return on equity of 12.55%. The company’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. As a group, equities analysts predict that Peabody Energy Co. will post 3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be given a $0.14 dividend. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.97%. Peabody Energy’s dividend payout ratio (DPR) is currently 16.51%.

In other news, EVP A. Verona Dorch sold 33,527 shares of Peabody Energy stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $27.98, for a total value of $938,085.46. Following the transaction, the executive vice president now owns 77,289 shares of the company’s stock, valued at $2,162,546.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider George John Schuller, Jr. sold 16,971 shares of Peabody Energy stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $27.98, for a total transaction of $474,848.58. Following the completion of the transaction, the insider now directly owns 45,164 shares in the company, valued at approximately $1,263,688.72. The disclosure for this sale can be found here. In the last three months, insiders sold 50,980 shares of company stock worth $1,426,069. Insiders own 0.75% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Peabody Energy by 0.7% in the fourth quarter. Van ECK Associates Corp now owns 82,016 shares of the coal producer’s stock valued at $2,500,000 after purchasing an additional 591 shares during the period. Advisors Asset Management Inc. raised its position in shares of Peabody Energy by 9.4% in the fourth quarter. Advisors Asset Management Inc. now owns 7,282 shares of the coal producer’s stock valued at $222,000 after purchasing an additional 627 shares during the period. First Midwest Bank Trust Division raised its position in shares of Peabody Energy by 3.6% in the fourth quarter. First Midwest Bank Trust Division now owns 28,703 shares of the coal producer’s stock valued at $875,000 after purchasing an additional 1,000 shares during the period. Smith Asset Management Group LP acquired a new stake in shares of Peabody Energy in the fourth quarter worth $33,000. Finally, Alphasimplex Group LLC grew its stake in shares of Peabody Energy by 3.8% in the first quarter. Alphasimplex Group LLC now owns 36,860 shares of the coal producer’s stock worth $1,044,000 after acquiring an additional 1,347 shares during the last quarter.

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Peabody Energy Company Profile (NYSE:BTU)

Peabody Energy Corporation engages in coal mining business. The company operates through Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other segments. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; mining bituminous and sub-bituminous coal deposits; and mining metallurgical coal, such as hard coking coal, semi-hard coking coal, semi-soft coking coal, and pulverized coal injection coal.

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