Peabody Energy Co. (NYSE:BTU) CFO Mark Spurbeck Sells 10,000 Shares

Peabody Energy Co. (NYSE:BTU) CFO Mark Spurbeck sold 10,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the chief financial officer now directly owns 65,710 shares in the company, valued at $1,939,759.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Peabody Energy Trading Down 1.2 %

NYSE BTU opened at $28.70 on Monday. Peabody Energy Co. has a one year low of $20.21 and a one year high of $29.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.75. The firm has a market cap of $3.61 billion, a P/E ratio of 7.59 and a beta of 0.98. The stock’s 50-day moving average is $24.74 and its 200-day moving average is $23.48.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.58 by $0.16. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. Sell-side analysts anticipate that Peabody Energy Co. will post 3.15 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be given a $0.075 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.30 annualized dividend and a yield of 1.05%. Peabody Energy’s dividend payout ratio is currently 7.94%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BTU. B. Riley upped their price target on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Benchmark upped their target price on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th.

Hedge Funds Weigh In On Peabody Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTU. Blue Trust Inc. lifted its holdings in shares of Peabody Energy by 11,390.0% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after purchasing an additional 1,139 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Peabody Energy in the 3rd quarter valued at approximately $36,000. Natixis lifted its stake in Peabody Energy by 8,355.0% in the 1st quarter. Natixis now owns 1,691 shares of the coal producer’s stock valued at $41,000 after acquiring an additional 1,671 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Peabody Energy during the 3rd quarter worth approximately $43,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Peabody Energy during the 2nd quarter worth approximately $44,000. 87.44% of the stock is owned by institutional investors and hedge funds.

About Peabody Energy

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.