Corient Private Wealth LLC Sells 20,571 Shares of Peabody Energy Co. (NYSE:BTU)

Corient Private Wealth LLC decreased its position in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 54.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,313 shares of the coal producer's stock after selling 20,571 shares during the period. Corient Private Wealth LLC's holdings in Peabody Energy were worth $363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of Peabody Energy by 167.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock valued at $25,000 after purchasing an additional 744 shares during the last quarter. Byrne Asset Management LLC raised its holdings in Peabody Energy by 63.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock valued at $37,000 after buying an additional 680 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Peabody Energy by 144.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,951 shares of the coal producer's stock worth $83,000 after buying an additional 2,333 shares during the last quarter. US Bancorp DE boosted its stake in shares of Peabody Energy by 120.2% during the 4th quarter. US Bancorp DE now owns 4,289 shares of the coal producer's stock worth $90,000 after acquiring an additional 2,341 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Peabody Energy by 37.0% during the 4th quarter. KBC Group NV now owns 4,762 shares of the coal producer's stock valued at $100,000 after acquiring an additional 1,286 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Remove Ads

Peabody Energy Stock Performance

Shares of Peabody Energy stock traded down $0.47 during midday trading on Wednesday, hitting $13.06. The company had a trading volume of 2,115,920 shares, compared to its average volume of 3,957,577. Peabody Energy Co. has a 1-year low of $12.15 and a 1-year high of $29.94. The business's 50 day simple moving average is $15.29 and its two-hundred day simple moving average is $20.74. The stock has a market cap of $1.59 billion, a PE ratio of 4.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68.

Peabody Energy (NYSE:BTU - Get Free Report) last released its earnings results on Thursday, February 6th. The coal producer reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. As a group, equities analysts predict that Peabody Energy Co. will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 19th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.30%. Peabody Energy's payout ratio is 11.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BMO Capital Markets upgraded Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 target price for the company in a report on Monday, December 16th. Benchmark decreased their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, Jefferies Financial Group dropped their target price on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, January 6th.

Peabody Energy Company 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.