Peabody Energy Corporation Declares Quarterly Dividend of $0.08 (NYSE:BTU)

Peabody Energy Corporation (NYSE:BTU) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Monday, February 23rd will be given a dividend of 0.075 per share by the coal producer on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, February 23rd.

Peabody Energy has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Peabody Energy has a payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peabody Energy to earn $5.30 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 5.7%.

Peabody Energy Price Performance

Shares of Peabody Energy stock opened at $34.23 on Friday. The firm’s 50-day moving average price is $32.12 and its two-hundred day moving average price is $26.46. The company has a current ratio of 1.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. Peabody Energy has a 1-year low of $9.61 and a 1-year high of $39.95. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -118.04 and a beta of 0.52.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, February 5th. The coal producer reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. On average, equities analysts predict that Peabody Energy will post 2.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Peabody Energy news, CAO Scott T. Jarboe sold 2,151 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total transaction of $73,693.26. Following the completion of the transaction, the chief accounting officer owned 82,306 shares in the company, valued at approximately $2,819,803.56. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Peabody Energy by 11.6% during the 4th quarter. Signaturefd LLC now owns 2,625 shares of the coal producer’s stock valued at $78,000 after acquiring an additional 272 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Peabody Energy by 24.0% in the third quarter. Smartleaf Asset Management LLC now owns 2,487 shares of the coal producer’s stock valued at $67,000 after purchasing an additional 481 shares during the period. Nisa Investment Advisors LLC raised its holdings in Peabody Energy by 21.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,716 shares of the coal producer’s stock valued at $72,000 after acquiring an additional 487 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Peabody Energy by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,849 shares of the coal producer’s stock worth $827,000 after purchasing an additional 500 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Peabody Energy by 1.4% in the third quarter. Arizona State Retirement System now owns 35,982 shares of the coal producer’s stock valued at $954,000 after acquiring an additional 504 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

About Peabody Energy

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.