BNP Paribas Financial Markets Has $7.37 Million Position in Peabody Energy Co. (NYSE:BTU)

BNP Paribas Financial Markets increased its holdings in Peabody Energy Co. (NYSE:BTU - Free Report) by 1,288.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 303,117 shares of the coal producer's stock after acquiring an additional 281,280 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.23% of Peabody Energy worth $7,372,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of Peabody Energy by 84.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer's stock worth $32,000 after buying an additional 568 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Peabody Energy by 17,075.0% in the 3rd quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer's stock worth $36,000 after purchasing an additional 1,366 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Peabody Energy in the 4th quarter valued at about $36,000. Quantbot Technologies LP bought a new position in shares of Peabody Energy during the third quarter worth about $70,000. Finally, Byrne Asset Management LLC grew its stake in Peabody Energy by 20.6% in the fourth quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer's stock worth $92,000 after purchasing an additional 630 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Benchmark reaffirmed a "buy" rating and set a $28.00 target price on shares of Peabody Energy in a report on Friday, May 3rd. B. Riley decreased their price objective on shares of Peabody Energy from $32.00 to $31.00 and set a "buy" rating for the company in a report on Friday, May 3rd. Finally, BMO Capital Markets lowered their target price on shares of Peabody Energy from $25.00 to $24.00 and set a "market perform" rating for the company in a research note on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Peabody Energy currently has a consensus rating of "Moderate Buy" and an average price target of $28.25.

Peabody Energy Stock Performance

NYSE:BTU traded down $0.03 during midday trading on Friday, reaching $22.53. 2,763,992 shares of the company traded hands, compared to its average volume of 2,450,944. Peabody Energy Co. has a twelve month low of $17.71 and a twelve month high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.86. The company has a fifty day moving average price of $23.48 and a 200 day moving average price of $24.18. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 6.28 and a beta of 1.01.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Peabody Energy had a net margin of 11.62% and a return on equity of 14.98%. The company had revenue of $983.60 million during the quarter, compared to the consensus estimate of $980.03 million. During the same quarter in the previous year, the company posted $1.69 earnings per share. The company's revenue for the quarter was down 27.9% compared to the same quarter last year. On average, analysts expect that Peabody Energy Co. will post 2.22 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.33%. Peabody Energy's payout ratio is currently 8.36%.

Insider Activity

In related news, CFO Mark Spurbeck sold 6,826 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the sale, the chief financial officer now directly owns 75,464 shares in the company, valued at approximately $1,854,150.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company's stock.

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.