Corient Private Wealth LLC Trims Holdings in Peabody Energy Co. (NYSE:BTU)

Corient Private Wealth LLC lowered its stake in shares of Peabody Energy Co. (NYSE:BTU) by 54.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,313 shares of the coal producer’s stock after selling 20,571 shares during the quarter. Corient Private Wealth LLC’s holdings in Peabody Energy were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BTU. Charles Schwab Investment Management Inc. increased its holdings in Peabody Energy by 14.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,388,681 shares of the coal producer’s stock valued at $36,856,000 after buying an additional 171,272 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Peabody Energy by 167.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 200,073 shares of the coal producer’s stock worth $5,310,000 after acquiring an additional 125,244 shares in the last quarter. FMR LLC increased its holdings in shares of Peabody Energy by 9.7% in the 3rd quarter. FMR LLC now owns 6,897 shares of the coal producer’s stock valued at $183,000 after acquiring an additional 611 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Peabody Energy by 255.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 117,071 shares of the coal producer’s stock valued at $3,107,000 after acquiring an additional 84,161 shares in the last quarter. Finally, Bridgewater Associates LP bought a new position in Peabody Energy during the third quarter worth $516,000. Institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

Peabody Energy Stock Performance

Shares of BTU opened at $13.72 on Monday. The firm has a fifty day moving average of $15.53 and a 200-day moving average of $20.86. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 5.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. Peabody Energy Co. has a 1 year low of $12.15 and a 1 year high of $29.94.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, February 6th. The coal producer reported $0.28 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%. As a group, equities analysts anticipate that Peabody Energy Co. will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 19th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, February 19th. Peabody Energy’s payout ratio is currently 11.11%.

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.