Peabody Energy Co. (NYSE:BTU) Shares Sold by Sagefield Capital LP

Sagefield Capital LP cut its stake in Peabody Energy Co. (NYSE:BTU - Free Report) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,576 shares of the coal producer's stock after selling 50,967 shares during the period. Sagefield Capital LP owned approximately 0.21% of Peabody Energy worth $5,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Marshall Wace LLP bought a new stake in Peabody Energy during the fourth quarter worth approximately $15,352,000. Assenagon Asset Management S.A. grew its position in Peabody Energy by 113.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,350,855 shares of the coal producer's stock worth $28,287,000 after purchasing an additional 718,274 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Peabody Energy in the 4th quarter worth $8,565,000. Hudson Bay Capital Management LP boosted its position 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 valued at $32,330,000 after acquiring an additional 360,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Peabody Energy by 105.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 646,152 shares of the coal producer's stock valued at $13,530,000 after acquiring an additional 331,759 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Stock Performance

Shares of BTU stock opened at $14.75 on Friday. Peabody Energy Co. has a 12 month low of $9.61 and a 12 month high of $29.94. The company has a current ratio of 2.15, a quick ratio of 1.68 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.79 billion, a PE ratio of 5.46 and a beta of 0.49. The firm has a fifty day simple moving average of $13.11 and a two-hundred day simple moving average of $17.87.

Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.07 by $0.20. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. The business had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The company's revenue was down 4.7% compared to the same quarter last year. Analysts forecast that Peabody Energy Co. will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, May 15th. Peabody Energy's dividend payout ratio is 11.19%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Benchmark cut their price objective on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. B. Riley reduced their target price on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a report on Friday, April 11th.

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.

Want to see what other hedge funds are holding BTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peabody Energy Co. (NYSE:BTU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.