Victory Capital Management Inc. Sells 77,009 Shares of Peabody Energy Co. (NYSE:BTU)

Victory Capital Management Inc. decreased its position in Peabody Energy Co. (NYSE:BTU - Free Report) by 46.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,368 shares of the coal producer's stock after selling 77,009 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Peabody Energy worth $1,892,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BTU. 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 period. Byrne Asset Management LLC lifted its stake in Peabody Energy by 63.3% in 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 during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Peabody Energy by 144.2% during the 4th 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 in the last quarter. Larson Financial Group LLC grew its position in shares of Peabody Energy by 43.0% during the 3rd quarter. Larson Financial Group LLC now owns 3,350 shares of the coal producer's stock worth $89,000 after buying an additional 1,008 shares during the period. Finally, US Bancorp DE grew its position 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 buying an additional 2,341 shares during the period. Institutional investors own 87.44% of the company's stock.

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Analysts Set New Price Targets

BTU has been the topic of several research analyst reports. Jefferies Financial Group cut their target price on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets raised shares of Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 price objective on the stock in a research report on Monday, December 16th. Finally, Benchmark decreased their target price on Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, February 7th.

Peabody Energy Stock Up 1.0 %

BTU stock traded up $0.15 during midday trading on Friday, reaching $13.99. 4,403,660 shares of the company's stock traded hands, compared to its average volume of 2,821,258. The company has a quick ratio of 1.68, a current ratio of 2.15 and a debt-to-equity ratio of 0.27. The firm's fifty day moving average price is $16.07 and its 200-day moving average price is $21.17. Peabody Energy Co. has a 52 week low of $12.15 and a 52 week high of $29.94. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 5.18 and a beta of 0.94.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its earnings results on Thursday, February 6th. The coal producer reported $0.28 EPS for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Peabody Energy Co. will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 annualized dividend and a dividend yield of 2.15%. Peabody Energy's payout ratio is 11.11%.

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.