Tidal Investments LLC Decreases Stake in Peabody Energy Co. (NYSE:BTU)

Tidal Investments LLC lessened its holdings in Peabody Energy Co. (NYSE:BTU) by 25.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,024 shares of the coal producer’s stock after selling 25,451 shares during the period. Tidal Investments LLC owned approximately 0.06% of Peabody Energy worth $1,965,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. boosted its position in Peabody Energy by 11,390.0% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock worth $28,000 after purchasing an additional 1,139 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Peabody Energy by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,352,067 shares of the coal producer’s stock worth $29,908,000 after buying an additional 38,492 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Peabody Energy during the second quarter valued at about $364,000. Innealta Capital LLC bought a new stake in Peabody Energy in the second quarter worth about $151,000. Finally, Privium Fund Management B.V. boosted its stake in Peabody Energy by 41.9% in the second quarter. Privium Fund Management B.V. now owns 15,240 shares of the coal producer’s stock valued at $358,000 after acquiring an additional 4,500 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

Peabody Energy Stock Performance

Shares of BTU stock opened at $21.50 on Tuesday. The firm’s 50 day moving average is $25.34 and its 200 day moving average is $23.84. The stock has a market capitalization of $2.61 billion, a P/E ratio of 5.69 and a beta of 0.95. Peabody Energy Co. has a 12 month low of $20.21 and a 12 month high of $29.94. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.16. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 earnings per share. On average, sell-side analysts anticipate that Peabody Energy Co. will post 3.15 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, November 14th. Peabody Energy’s payout ratio is presently 7.94%.

Insider Activity

In related news, CFO Mark Spurbeck sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the chief financial officer now owns 65,710 shares of the company’s stock, valued at approximately $1,939,759.20. The trade was a 13.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. B. Riley raised their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. BMO Capital Markets upgraded Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Monday. Finally, Benchmark increased their price target on Peabody Energy from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

About Peabody Energy

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.