Key Points
- Peabody COO Darren Ronald Yeates sold 13,892 shares on February 10 at an average price of $36.40 for about $505,669, reducing his stake by 10.91% to 113,440 shares valued at roughly $4.13 million.
- Peabody missed quarterly EPS by $0.01 (reported $0.09 vs. $0.10 expected), with revenue down 9% year-over-year and negative net margin (‑1.37%) and return on equity (‑0.93%).
- The company declared a $0.075 quarterly dividend (annualized $0.30, ~0.9% yield), while analysts hold a consensus "Hold" rating with a $38.20 average price target.
Peabody Energy Corporation (NYSE:BTU - Get Free Report) COO Darren Ronald Yeates sold 13,892 shares of the 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 completion of the transaction, the chief operating officer owned 113,440 shares in the company, valued at approximately $4,129,216. This trade represents a 10.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Peabody Energy Stock Down 4.6%
BTU stock opened at $35.08 on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of -77.96 and a beta of 0.52. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $39.95. The firm's fifty day simple moving average is $32.95 and its 200-day simple moving average is $27.14. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The coal producer reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Peabody Energy had a negative net margin of 1.37% and a negative return on equity of 0.93%. Peabody Energy's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. As a group, equities research analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current year.
Peabody Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. Peabody Energy's payout ratio is presently -66.67%.
Analysts Set New Price Targets
A number of brokerages have recently commented on BTU. Zacks Research cut shares of Peabody Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 4th. Jefferies Financial Group raised their price target on shares of Peabody Energy from $42.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, January 20th. B. Riley Securities upped their price objective on shares of Peabody Energy from $38.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, February 4th. Benchmark raised their target price on Peabody Energy from $23.00 to $32.00 and gave the company a "buy" rating in a research report on Friday, October 31st. Finally, UBS Group lifted their price target on Peabody Energy from $27.00 to $29.00 and gave the company a "neutral" rating in a research note on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $38.20.
Get Our Latest Stock Analysis on BTU
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of BTU. Massachusetts Financial Services Co. MA purchased a new stake in Peabody Energy during the 4th quarter worth approximately $90,603,000. Sourcerock Group LLC acquired a new stake in shares of Peabody Energy in the second quarter worth approximately $28,092,000. State Street Corp increased its position in shares of Peabody Energy by 19.3% during the second quarter. State Street Corp now owns 9,208,031 shares of the coal producer's stock worth $123,572,000 after purchasing an additional 1,487,531 shares in the last quarter. Phoenix Financial Ltd. acquired a new position in Peabody Energy in the 4th quarter valued at $38,125,000. Finally, Vanguard Group Inc. lifted its holdings in Peabody Energy by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer's stock valued at $449,512,000 after purchasing an additional 1,191,438 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.
Peabody Energy Company Profile
(
Get Free Report)
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.
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