Venor Capital Management LP Sells 30,000 Shares of Peabody Energy Co. (NYSE:BTU)

Venor Capital Management LP trimmed its holdings in Peabody Energy Co. (NYSE:BTU) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 577,852 shares of the coal producer’s stock after selling 30,000 shares during the period. Peabody Energy makes up about 12.7% of Venor Capital Management LP’s holdings, making the stock its 4th largest holding. Venor Capital Management LP owned approximately 0.50% of Peabody Energy worth $17,613,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BTU. Vanguard Group Inc. grew its holdings in shares of Peabody Energy by 2.0% during the third quarter. Vanguard Group Inc. now owns 8,245,056 shares of the coal producer’s stock worth $293,854,000 after purchasing an additional 160,452 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Peabody Energy by 2.0% during the third quarter. Vanguard Group Inc now owns 8,245,056 shares of the coal producer’s stock worth $293,854,000 after purchasing an additional 160,452 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Peabody Energy by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,398,714 shares of the coal producer’s stock worth $103,594,000 after buying an additional 106,490 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Peabody Energy by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 2,593,969 shares of the coal producer’s stock worth $92,449,000 after buying an additional 1,233,753 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Peabody Energy by 11.1% during the third quarter. Renaissance Technologies LLC now owns 1,837,509 shares of the coal producer’s stock worth $65,489,000 after buying an additional 183,209 shares during the last quarter.

Shares of BTU stock traded down $0.92 during midday trading on Monday, reaching $28.03. 851,512 shares of the company traded hands, compared to its average volume of 854,235. Peabody Energy Co. has a 1-year low of $27.10 and a 1-year high of $47.84. The company has a current ratio of 1.85, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 8.90 and a beta of 0.62.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Wednesday, February 6th. The coal producer reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.20. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $2.47 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. Sell-side analysts forecast that Peabody Energy Co. will post 1.9 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 12th were given a dividend of $1.85 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a dividend yield of 1.69%. Peabody Energy’s dividend payout ratio is currently 16.51%.

In related news, EVP A. Verona Dorch sold 2,170 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $29.72, for a total transaction of $64,492.40. Following the completion of the sale, the executive vice president now directly owns 126,058 shares of the company’s stock, valued at approximately $3,746,443.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Glenn L. Kellow sold 2,601 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $29.67, for a total transaction of $77,171.67. Following the sale, the chief executive officer now directly owns 699,477 shares of the company’s stock, valued at $20,753,482.59. The disclosure for this sale can be found here. Insiders have sold a total of 58,979 shares of company stock valued at $1,663,697 over the last 90 days. Insiders own 0.42% of the company’s stock.

A number of equities analysts recently issued reports on BTU shares. Zacks Investment Research raised Peabody Energy from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Clarkson Capital raised Peabody Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 16th. MKM Partners set a $44.00 price objective on shares of Peabody Energy and gave the company a “buy” rating in a research report on Friday, February 8th. B. Riley reduced their price objective on shares of Peabody Energy to $37.00 and set a “buy” rating for the company in a research report on Friday, February 8th. Finally, BMO Capital Markets started coverage on shares of Peabody Energy in a research report on Wednesday, March 20th. They issued a “market perform” rating and a $34.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.50.

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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.

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

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