Kavar Capital Partners Group LLC Has $3.09 Million Stock Holdings in Peabody Energy Co. (NYSE:BTU)

Kavar Capital Partners Group LLC reduced its position in shares of Peabody Energy Co. (NYSE:BTU) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,700 shares of the coal producer’s stock after selling 2,500 shares during the quarter. Kavar Capital Partners Group LLC owned about 0.12% of Peabody Energy worth $3,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Peabody Energy by 265,937.3% during the third quarter. Pacer Advisors Inc. now owns 8,023,686 shares of the coal producer’s stock worth $212,949,000 after acquiring an additional 8,020,670 shares in the last quarter. State Street Corp increased its holdings in Peabody Energy by 7.6% during the 3rd quarter. State Street Corp now owns 7,631,707 shares of the coal producer’s stock worth $202,546,000 after purchasing an additional 540,219 shares in the last quarter. Progeny 3 Inc. lifted its holdings in shares of Peabody Energy by 1.6% in the third quarter. Progeny 3 Inc. now owns 3,580,014 shares of the coal producer’s stock valued at $95,014,000 after purchasing an additional 56,280 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Peabody Energy by 8.0% during the third quarter. Geode Capital Management LLC now owns 2,918,536 shares of the coal producer’s stock valued at $77,473,000 after buying an additional 216,887 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Peabody Energy by 14.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,388,681 shares of the coal producer’s stock worth $36,856,000 after buying an additional 171,272 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Transactions at Peabody Energy

In related news, CFO Mark Spurbeck sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the chief financial officer now directly owns 65,710 shares in the company, valued at approximately $1,939,759.20. This represents a 13.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Peabody Energy Price Performance

BTU opened at $19.38 on Monday. Peabody Energy Co. has a fifty-two week low of $17.73 and a fifty-two week high of $29.94. The firm has a 50-day moving average of $21.61 and a 200 day moving average of $23.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.75 and a current ratio of 2.32. The firm has a market cap of $2.36 billion, a P/E ratio of 5.13 and a beta of 0.99.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.16. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $0.80 EPS. Peabody Energy’s quarterly revenue was up .8% compared to the same quarter last year. On average, research analysts expect that Peabody Energy Co. will post 2.89 EPS for the current year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.55%. Peabody Energy’s dividend payout ratio is presently 7.94%.

Analysts Set New Price Targets

BTU has been the topic of a number of analyst reports. Benchmark lifted their price objective on shares of Peabody Energy from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets raised shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Monday, December 16th. 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 research report on Monday, January 6th.

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.