Bank of New York Mellon Corp Decreases Stock Holdings in Peabody Energy Corporation (NYSE:BTU)

Bank of New York Mellon Corp cut its position in Peabody Energy Corporation (NYSE:BTU - Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,391,909 shares of the coal producer's stock after selling 30,491 shares during the period. Bank of New York Mellon Corp owned 1.14% of Peabody Energy worth $18,860,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Marshall Wace LLP acquired a new stake in Peabody Energy in the fourth quarter valued at $15,352,000. ExodusPoint Capital Management LP acquired a new stake in shares of Peabody Energy during the 4th quarter worth about $8,565,000. Hudson Bay Capital Management LP lifted its stake in shares of Peabody Energy by 30.4% during the 4th quarter. Hudson Bay Capital Management LP now owns 1,543,915 shares of the coal producer's stock worth $32,330,000 after buying an additional 360,000 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Peabody Energy during the fourth quarter worth about $5,162,000. Finally, PDT Partners LLC bought a new position in Peabody Energy during the fourth quarter worth about $4,515,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Stock Down 2.7%

Shares of NYSE BTU traded down $0.44 on Friday, hitting $15.60. The company had a trading volume of 5,854,787 shares, compared to its average volume of 3,744,242. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 12-month low of $9.61 and a 12-month high of $29.94. The business has a 50 day moving average of $14.00 and a two-hundred day moving average of $14.65. The firm has a market capitalization of $1.90 billion, a P/E ratio of 5.82 and a beta of 0.52.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.20. Peabody Energy had a return on equity of 10.05% and a net margin of 8.73%. The company had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. During the same period last year, the business posted $0.30 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, May 15th. Peabody Energy's dividend payout ratio is currently 11.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BTU shares. UBS Group started coverage on shares of Peabody Energy in a research note on Tuesday, July 15th. They set a "neutral" rating and a $14.00 price target for the company. Benchmark cut their target price on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, B. Riley reduced their price target on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Peabody Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.

About Peabody Energy

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.