RPG Investment Advisory LLC Sells 87,175 Shares of Peabody Energy Corporation $BTU

RPG Investment Advisory LLC lessened its stake in Peabody Energy Corporation (NYSE:BTU) by 16.2% during the fourth quarter, Holdings Channel reports. The firm owned 451,199 shares of the coal producer’s stock after selling 87,175 shares during the period. Peabody Energy makes up approximately 1.5% of RPG Investment Advisory LLC’s portfolio, making the stock its 28th largest position. RPG Investment Advisory LLC’s holdings in Peabody Energy were worth $13,401,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in Peabody Energy by 104.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock worth $25,000 after buying an additional 1,024 shares in the last quarter. CoreCap Advisors LLC raised its position in Peabody Energy by 763.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Peabody Energy by 258.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock valued at $43,000 after acquiring an additional 1,159 shares in the last quarter. Caitlin John LLC bought a new position in Peabody Energy during the 3rd quarter valued at $61,000. Finally, Jones Financial Companies Lllp boosted its holdings in Peabody Energy by 880.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,647 shares of the coal producer’s stock worth $65,000 after acquiring an additional 2,377 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Down 0.2%

Shares of NYSE:BTU opened at $33.50 on Friday. Peabody Energy Corporation has a 1 year low of $9.61 and a 1 year high of $41.14. The company has a market capitalization of $4.08 billion, a PE ratio of -74.44 and a beta of 0.63. The business has a fifty day moving average price of $34.88 and a two-hundred day moving average price of $31.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.40.

Peabody Energy (NYSE:BTU) last released its earnings results on Thursday, February 5th. The coal producer reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, February 23rd. Peabody Energy’s payout ratio is presently -66.67%.

Insider Transactions at Peabody Energy

In other news, CAO Scott T. Jarboe sold 2,151 shares of the 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 directly owned 82,306 shares of the company’s stock, valued at $2,819,803.56. This represents a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Darren Ronald Yeates sold 13,892 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total transaction of $505,668.80. Following the sale, the chief operating officer owned 113,440 shares of the company’s stock, valued at approximately $4,129,216. The trade was a 10.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BTU has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Jefferies Financial Group upped their price objective on shares of Peabody Energy from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. B. Riley Financial decreased their price objective on shares of Peabody Energy from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Finally, Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.63.

Peabody Energy Profile

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.