Deltec Asset Management LLC Sells 100,926 Shares of Peabody Energy Corporation $BTU

Key Points

• Deltec Asset Management cut its position in Peabody Energy by 83.1%, selling 100,926 shares in the quarter and leaving 20,500 shares worth about $609,000.
• Analysts are mixed with a consensus rating of Hold and a target price of $38.63; the stock recently traded around $26.62 with a 52‑week range of $12.18–$41.14 and a negative P/E.
• COO Darren Yeates sold 13,892 shares at $36.40 (a 10.91% reduction in his stake), while institutional investors own about 87.44% of the company and insiders hold roughly 0.51%.

Deltec Asset Management LLC decreased its position in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) by 83.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,500 shares of the coal producer's stock after selling 100,926 shares during the quarter. Deltec Asset Management LLC's holdings in Peabody Energy were worth $609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of Peabody Energy by 104.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer's stock worth $25,000 after acquiring an additional 1,024 shares during the period. CoreCap Advisors LLC grew its stake in shares of Peabody Energy by 763.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer's stock worth $30,000 after acquiring an additional 1,000 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Peabody Energy by 258.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer's stock worth $43,000 after acquiring an additional 1,159 shares during the period. Caitlin John LLC bought a new position in shares of Peabody Energy during the 3rd quarter worth $61,000. Finally, Jones Financial Companies Lllp grew its stake in shares of 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 period. Institutional investors own 87.44% of the company's stock.

Insider Buying and Selling

In other Peabody Energy news, COO Darren Ronald Yeates sold 13,892 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $36.40, for a total value of $505,668.80. Following the completion of the transaction, the chief operating officer owned 113,440 shares in the company, valued at $4,129,216. This trade represents a 10.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BTU shares. Wall Street Zen upgraded Peabody Energy from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. Zacks Research upgraded Peabody Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Jefferies Financial Group increased their price target on Peabody Energy from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, January 20th. UBS Group increased their price target on Peabody Energy from $34.50 to $36.50 and gave the stock a "neutral" rating in a research note on Friday, March 27th. Finally, B. Riley Financial cut their price target on Peabody Energy from $43.00 to $42.00 and set a "buy" rating for the company in a research note on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Peabody Energy presently has an average rating of "Hold" and a consensus target price of $38.63.

Peabody Energy Stock Up 0.1%

Shares of NYSE BTU opened at $26.62 on Monday. Peabody Energy Corporation has a 52 week low of $12.18 and a 52 week high of $41.14. The business has a 50-day simple moving average of $32.65 and a two-hundred day simple moving average of $31.74. The company has a quick ratio of 1.40, a current ratio of 1.85 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.24 billion, a P/E ratio of -59.15 and a beta of 0.63.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its 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). Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned $0.25 EPS. The firm's revenue for the quarter was down 9.0% compared to the same quarter last year. Research analysts anticipate that Peabody Energy Corporation will post 2.98 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

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. The ex-dividend date was Monday, February 23rd. This represents a $0.30 annualized dividend and a yield of 1.1%. Peabody Energy's dividend payout ratio (DPR) is currently -66.67%.

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.

Want to see what other hedge funds are holding BTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peabody Energy Corporation (NYSE:BTU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.