Victory Capital Management Inc. Trims Stake in Peabody Energy Co. (BTU)

Victory Capital Management Inc. trimmed its stake in shares of Peabody Energy Co. (NYSE:BTU) by 92.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,815 shares of the coal producer’s stock after selling 939,255 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Peabody Energy worth $2,773,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its position in shares of Peabody Energy by 5.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 68,047 shares of the coal producer’s stock worth $2,425,000 after acquiring an additional 3,360 shares in the last quarter. Trilogy Capital Inc. bought a new position in Peabody Energy in the third quarter valued at $156,000. Robeco Institutional Asset Management B.V. grew its position in Peabody Energy by 3,250.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 340,323 shares of the coal producer’s stock valued at $12,129,000 after purchasing an additional 330,166 shares in the last quarter. GWM Advisors LLC bought a new position in Peabody Energy in the third quarter valued at $229,000. Finally, Public Employees Retirement Association of Colorado bought a new position in Peabody Energy in the third quarter valued at $371,000.

Shares of BTU stock opened at $31.19 on Friday. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 8.26 and a beta of 0.64. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 0.41. Peabody Energy Co. has a one year low of $30.58 and a one year high of $47.84.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Tuesday, October 30th. The coal producer reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.55). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. Peabody Energy had a net margin of 13.20% and a return on equity of 19.01%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 EPS. As a group, equities research analysts predict that Peabody Energy Co. will post 2.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st were paid a $0.13 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%. This is a boost from Peabody Energy’s previous quarterly dividend of $0.13.

A number of research analysts recently weighed in on BTU shares. ValuEngine downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. B. Riley raised their target price on shares of Peabody Energy from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 19th. Seaport Global Securities downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research report on Friday, September 28th. Finally, Clarkson Capital downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Peabody Energy has a consensus rating of “Hold” and an average price target of $44.33.

In other news, EVP Charles F. Meintjes sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $42.10, for a total transaction of $1,473,500.00. Following the completion of the sale, the executive vice president now owns 170,910 shares in the company, valued at approximately $7,195,311. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP A. Verona Dorch sold 28,987 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $35.07, for a total transaction of $1,016,574.09. Following the sale, the executive vice president now owns 142,456 shares of the company’s stock, valued at approximately $4,995,931.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,486 shares of company stock valued at $3,108,904. Corporate insiders own 0.42% of the company’s stock.

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Peabody Energy Profile

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

Further Reading: Call Option

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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