NewEdge Advisors LLC Reduces Holdings in Peabody Energy Corporation $BTU

Key Points

• NewEdge Advisors cut its Peabody Energy stake by 56.1% in the second quarter, selling 83,503 shares and retaining 65,462 shares worth approximately $1.5 million. Institutional investors collectively own 87.44% of BTU.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $33.88. Recent firms lowered price targets, while ratings ranged from Buy to Sell.
• Peabody Energy reported a quarterly loss of $0.74 per share, missing expectations, despite revenue rising 12.7% year over year to about $1 billion. The company also paid a quarterly dividend of $0.075 per share, equivalent to a 1.2% annualized yield.

NewEdge Advisors LLC lowered its stake in Peabody Energy Corporation (NYSE:BTU - Free Report) by 56.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,462 shares of the coal producer's stock after selling 83,503 shares during the quarter. NewEdge Advisors LLC owned approximately 0.05% of Peabody Energy worth $1,513,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BTU. Valued Wealth Advisors LLC acquired a new position in shares of Peabody Energy in the first quarter worth $25,000. Meeder Asset Management Inc. increased its position in Peabody Energy by 1,513.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer's stock worth $39,000 after purchasing an additional 1,105 shares in the last quarter. Main Street Group LTD acquired a new position in Peabody Energy in the 1st quarter valued at about $50,000. Basepoint Wealth LLC acquired a new position in Peabody Energy in the 4th quarter valued at about $57,000. Finally, Silver Grove Financial Group Inc. purchased a new position in Peabody Energy in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BTU. UBS Group decreased their price target on shares of Peabody Energy from $27.00 to $26.50 and set a "neutral" rating on the stock in a research note on Tuesday, August 4th. Zacks Research lowered shares of Peabody Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Benchmark reduced their price objective on shares of Peabody Energy from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Weiss Ratings lowered shares of Peabody Energy from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, June 23rd. Finally, B. Riley Financial lowered their target price on shares of Peabody Energy from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.88.

Peabody Energy Trading Down 7.7%

NYSE BTU opened at $25.13 on Friday. Peabody Energy Corporation has a 12 month low of $20.06 and a 12 month high of $41.14. The company has a 50-day moving average of $25.56 and a 200-day moving average of $27.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.46. The company has a market cap of $3.06 billion, a P/E ratio of -16.75 and a beta of 0.34.

Peabody Energy (NYSE:BTU - Get Free Report) last released its earnings results on Wednesday, July 29th. The coal producer reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.36). Peabody Energy had a negative return on equity of 5.22% and a negative net margin of 4.56%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted ($0.23) earnings per share. Peabody Energy's revenue was up 12.7% on a year-over-year basis. As a group, equities analysts predict that Peabody Energy Corporation will post 0.33 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 12th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, August 12th. Peabody Energy's dividend payout ratio (DPR) is -20.00%.

About Peabody Energy

Peabody Energy Corporation NYSE: BTU is a global coal producer and energy company. It primarily mines and sells thermal coal, which is used for electricity generation, and metallurgical coal, which is used in steelmaking. The company also markets and trades coal and provides related services, including coal transportation and land management.

Peabody operates mining assets in the United States and Australia and serves utility, industrial and steelmaking customers in domestic and international markets.

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.