Peabody Energy Corporation $BTU Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers decreased its holdings in Peabody Energy Corporation (NYSE:BTU) by 5.5%, selling 18,059 shares during the first quarter, now owning approximately 0.25% of the company worth $4,194,000.
• Several institutional investors have increased their positions in Peabody Energy, including Deutsche Bank AG, which boosted its stake by 29.8%, and D.A. Davidson & CO., which raised its stake by 145.1% in the first quarter.
• Recent analyst reports have resulted in mixed ratings for BTU, with Wall Street Zen downgrading it to a "sell" while B. Riley increased its price target to $24.00 and maintained a "buy" rating.

Rhumbline Advisers lowered its holdings in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,542 shares of the coal producer's stock after selling 18,059 shares during the quarter. Rhumbline Advisers owned 0.25% of Peabody Energy worth $4,194,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BTU. Long Focus Capital Management LLC boosted its holdings in Peabody Energy by 96.7% during the 1st quarter. Long Focus Capital Management LLC now owns 1,789,858 shares of the coal producer's stock valued at $24,253,000 after acquiring an additional 879,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Peabody Energy by 117.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,406,307 shares of the coal producer's stock valued at $19,055,000 after acquiring an additional 760,155 shares during the period. Bridgeway Capital Management LLC purchased a new position in Peabody Energy during the 1st quarter valued at $9,083,000. AQR Capital Management LLC lifted its holdings in shares of Peabody Energy by 698.4% in the 1st quarter. AQR Capital Management LLC now owns 738,425 shares of the coal producer's stock worth $10,006,000 after buying an additional 645,934 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Peabody Energy in the 1st quarter worth $7,331,000. Hedge funds and other institutional investors own 87.44% of the company's stock.

Peabody Energy Stock Performance

Shares of BTU stock traded up $0.96 during mid-day trading on Friday, reaching $22.75. The stock had a trading volume of 7,100,025 shares, compared to its average volume of 3,977,802. The business's fifty day moving average is $17.35 and its 200-day moving average is $14.75. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 22.09 and a beta of 0.64. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The company had revenue of $890.10 million for the quarter, compared to analyst estimates of $944.27 million. During the same period last year, the business earned $1.42 earnings per share. The firm's revenue was down 14.6% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. Peabody Energy's dividend payout ratio (DPR) is presently 29.13%.

Analyst Ratings Changes

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

Peabody Energy 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.