Peabody Energy Corporation $BTU Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 42.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,617 shares of the coal producer’s stock after selling 1,953 shares during the period. Parallel Advisors LLC’s holdings in Peabody Energy were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BTU. Long Focus Capital Management LLC increased its position in shares of Peabody Energy by 96.7% during the first quarter. Long Focus Capital Management LLC now owns 1,789,858 shares of the coal producer’s stock valued at $24,253,000 after acquiring an additional 879,800 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Peabody Energy by 117.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,406,307 shares of the coal producer’s stock valued at $19,055,000 after acquiring an additional 760,155 shares during the last quarter. Drummond Knight Asset Management Pty Ltd acquired a new stake in shares of Peabody Energy during the first quarter valued at about $9,196,000. Bridgeway Capital Management LLC acquired a new stake in shares of Peabody Energy during the first quarter valued at about $9,083,000. Finally, AQR Capital Management LLC increased its position in shares of Peabody Energy by 698.4% during the first quarter. AQR Capital Management LLC now owns 738,425 shares of the coal producer’s stock valued at $10,006,000 after acquiring an additional 645,934 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Trading Down 0.1%

Shares of BTU stock opened at $24.52 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 2.21. The stock has a market capitalization of $2.98 billion, a P/E ratio of 23.81 and a beta of 0.64. The company has a 50 day moving average price of $18.26 and a 200 day moving average price of $15.14. Peabody Energy Corporation has a fifty-two week low of $9.61 and a fifty-two week high of $29.94.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The business had revenue of $890.10 million during the quarter, compared to analyst estimates of $944.27 million. During the same quarter last year, the firm posted $1.42 EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities research analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 14th. Peabody Energy’s payout ratio is 29.13%.

Analyst Ratings Changes

A number of brokerages have weighed in on BTU. UBS Group lifted their price target on shares of Peabody Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. B. Riley lifted their price target on shares of Peabody Energy from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen cut shares of Peabody Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.20.

Peabody Energy Profile

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.