Peabody Energy Co. (NYSE:BTU) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Peabody Energy Co. (NYSE:BTU) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,041 shares of the coal producer’s stock after selling 1,024 shares during the quarter. Amalgamated Bank’s holdings in Peabody Energy were worth $755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTU. Byrne Asset Management LLC boosted its holdings in Peabody Energy by 63.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer’s stock worth $37,000 after acquiring an additional 680 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Peabody Energy in the 3rd quarter worth approximately $43,000. Nisa Investment Advisors LLC boosted its holdings in Peabody Energy by 69.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the coal producer’s stock worth $74,000 after acquiring an additional 1,151 shares during the period. Larson Financial Group LLC boosted its holdings in Peabody Energy by 43.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,350 shares of the coal producer’s stock worth $89,000 after acquiring an additional 1,008 shares during the period. Finally, KBC Group NV boosted its holdings in Peabody Energy by 37.0% in the 4th quarter. KBC Group NV now owns 4,762 shares of the coal producer’s stock worth $100,000 after acquiring an additional 1,286 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Performance

Peabody Energy stock opened at $12.87 on Wednesday. The stock has a market cap of $1.56 billion, a P/E ratio of 4.77 and a beta of 0.95. 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 stock has a 50 day moving average of $17.70 and a 200-day moving average of $21.99. Peabody Energy Co. has a 52 week low of $12.53 and a 52 week high of $29.94.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, February 6th. The coal producer reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. On average, analysts expect that Peabody Energy Co. will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 19th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, February 19th. Peabody Energy’s dividend payout ratio is currently 11.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BTU shares. Jefferies Financial Group decreased their price target on Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a report on Monday, January 6th. Benchmark reduced their target price on Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, BMO Capital Markets upgraded Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research note on Monday, December 16th.

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.