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

Amalgamated Bank lessened its position in Peabody Energy Co. (NYSE:BTU) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,006 shares of the coal producer’s stock after selling 1,283 shares during the quarter. Amalgamated Bank’s holdings in Peabody Energy were worth $730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BTU. TFO Wealth Partners LLC increased 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 acquiring an additional 1,939 shares during the last quarter. Privium Fund Management UK Ltd purchased a new position in shares of Peabody Energy during the 4th quarter worth approximately $230,000. Seven Eight Capital LP increased its stake in Peabody Energy by 12.1% in the 4th quarter. Seven Eight Capital LP now owns 94,131 shares of the coal producer’s stock valued at $2,289,000 after purchasing an additional 10,181 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Peabody Energy in the 4th quarter valued at approximately $5,208,000. Finally, Symmetry Investments LP purchased a new position in Peabody Energy during the fourth quarter worth $1,051,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Peabody Energy Trading Up 0.8 %

Shares of BTU opened at $26.00 on Friday. The stock’s 50-day moving average is $22.58 and its two-hundred day moving average is $23.05. The stock has a market cap of $3.31 billion, a PE ratio of 7.24 and a beta of 0.95. Peabody Energy Co. has a 12 month low of $20.21 and a 12 month high of $27.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.92.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, August 1st. The coal producer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.90. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. Equities analysts forecast that Peabody Energy Co. will post 3.11 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.075 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a yield of 1.15%. Peabody Energy’s payout ratio is currently 8.36%.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price objective on Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th.

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.