Alliancebernstein L.P. reduced its stake in Peabody Energy Co. (NYSE:BTU - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,950 shares of the coal producer's stock after selling 133,500 shares during the period. Alliancebernstein L.P. owned about 0.21% of Peabody Energy worth $5,381,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in Peabody Energy by 9.7% during the 3rd quarter. FMR LLC now owns 6,897 shares of the coal producer's stock worth $183,000 after acquiring an additional 611 shares during the last quarter. Byrne Asset Management LLC grew its holdings in shares of Peabody Energy by 63.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock worth $37,000 after purchasing an additional 680 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Peabody Energy by 167.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock valued at $25,000 after buying an additional 744 shares during the period. Janney Montgomery Scott LLC raised its holdings in Peabody Energy by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,556 shares of the coal producer's stock valued at $514,000 after buying an additional 885 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Peabody Energy by 7.5% during the 4th quarter. SG Americas Securities LLC now owns 16,514 shares of the coal producer's stock worth $346,000 after acquiring an additional 1,151 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.
Peabody Energy Stock Performance
Shares of Peabody Energy stock traded down $0.11 on Wednesday, reaching $12.26. 5,146,625 shares of the company traded hands, compared to its average volume of 3,202,984. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68. The firm has a market capitalization of $1.49 billion, a PE ratio of 4.54 and a beta of 0.52. The company has a 50 day moving average of $13.74 and a 200 day moving average of $19.77. Peabody Energy Co. has a 52 week low of $9.61 and a 52 week high of $29.94.
Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The coal producer reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. Equities analysts forecast that Peabody Energy Co. will post 2.61 earnings per share for the current year.
Peabody Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 19th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.45%. The ex-dividend date was Wednesday, February 19th. Peabody Energy's dividend payout ratio (DPR) is presently 11.11%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Benchmark cut their price objective on Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group cut their target price on Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, B. Riley dropped their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, April 11th.
Get Our Latest Report on BTU
Peabody Energy Profile
(
Free Report)
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.
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