Peabody Energy Co. (NYSE:BTU) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in Peabody Energy Co. (NYSE:BTU) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,043 shares of the coal producer’s stock after selling 8,193 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Peabody Energy were worth $779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. raised its holdings 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 valued at $36,000 after purchasing an additional 1,366 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Peabody Energy in the 4th quarter valued at $36,000. TFO Wealth Partners LLC raised its holdings in shares of Peabody Energy by 48,475.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,943 shares of the coal producer’s stock valued at $47,000 after purchasing an additional 1,939 shares in the last quarter. Byrne Asset Management LLC raised its holdings in shares of Peabody Energy by 20.6% in the 4th quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer’s stock valued at $92,000 after purchasing an additional 630 shares in the last quarter. Finally, RiverGlades Family Offices LLC purchased a new position in shares of Peabody Energy in the 3rd quarter valued at $213,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on BTU shares. B. Riley dropped their target price on shares of Peabody Energy from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. BMO Capital Markets dropped their target price on shares of Peabody Energy from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $28.00 target price on shares of Peabody Energy in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Peabody Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

Peabody Energy Trading Down 3.4 %

Shares of Peabody Energy stock opened at $21.87 on Friday. Peabody Energy Co. has a 1 year low of $20.51 and a 1 year high of $27.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.36. The company has a market capitalization of $2.78 billion, a P/E ratio of 6.09 and a beta of 0.97. The company’s fifty day moving average is $23.09 and its two-hundred day moving average is $24.16.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $980.03 million. During the same period last year, the firm posted $1.69 EPS. Peabody Energy’s revenue for the quarter was down 27.9% on a year-over-year basis. Analysts forecast that Peabody Energy Co. will post 2.22 earnings per share for the current year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, May 15th. Peabody Energy’s payout ratio is 8.36%.

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.