Intech Investment Management LLC Sells 45,479 Shares of Peabody Energy Corporation $BTU

Key Points

• Intech Investment Management LLC reduced its stake in Peabody Energy Corporation by 23.9%, selling 45,479 shares during the first quarter, while holding approximately $1.97 million in the company.
• Peabody Energy's stock price has shown fluctuation, opening at $20.50 recently, and the company reported a lower-than-expected quarterly EPS of ($0.06).
• The company also announced a quarterly dividend of $0.075 per share, representing an annualized yield of 1.5%.

Intech Investment Management LLC trimmed its stake in Peabody Energy Corporation (NYSE:BTU - Free Report) by 23.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,983 shares of the coal producer's stock after selling 45,479 shares during the period. Intech Investment Management LLC owned about 0.12% of Peabody Energy worth $1,965,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BTU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Peabody Energy by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,993 shares of the coal producer's stock valued at $1,508,000 after acquiring an additional 2,737 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Peabody Energy by 44.2% during the fourth quarter. ProShare Advisors LLC now owns 38,027 shares of the coal producer's stock worth $796,000 after buying an additional 11,647 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Peabody Energy by 187.6% during the fourth quarter. Vident Advisory LLC now owns 35,081 shares of the coal producer's stock worth $735,000 after buying an additional 22,884 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Peabody Energy by 11.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,948 shares of the coal producer's stock valued at $3,412,000 after purchasing an additional 17,335 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Peabody Energy in the fourth quarter valued at approximately $1,742,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BTU. Wall Street Zen cut shares of Peabody Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. B. Riley increased their price target on shares of Peabody Energy from $18.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Finally, UBS Group increased their price target on shares of Peabody Energy from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.20.

Peabody Energy Trading Up 4.4%

Shares of NYSE:BTU traded up $0.96 during mid-day trading on Friday, hitting $22.75. The company had a trading volume of 7,100,025 shares, compared to its average volume of 3,977,802. The firm has a fifty day moving average price of $17.35 and a 200 day moving average price of $14.75. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $29.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The company has a market capitalization of $2.77 billion, a PE ratio of 22.09 and a beta of 0.64.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The firm had revenue of $890.10 million for the quarter, compared to analysts' expectations of $944.27 million. During the same period in the prior year, the firm earned $1.42 earnings per share. Peabody Energy's revenue was down 14.6% compared to the same quarter last year. As a group, research analysts forecast that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.30 annualized dividend and a yield of 1.3%. Peabody Energy's dividend payout ratio is currently 29.13%.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.