Peabody Energy (NYSE:BTU) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Peabody Energy (NYSE:BTU) from an overweight rating to a neutral rating in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has $30.00 target price on the coal producer’s stock, down from their previous target price of $35.00.

A number of other equities research analysts have also issued reports on BTU. Zacks Investment Research raised Peabody Energy from a strong sell rating to a hold rating in a research note on Monday, July 22nd. TheStreet lowered Peabody Energy from a c- rating to a d+ rating in a research note on Thursday, August 15th. Jefferies Financial Group lowered Peabody Energy from a buy rating to a hold rating and reduced their target price for the company from $27.00 to $18.00 in a research note on Tuesday, August 6th. Finally, Deutsche Bank reduced their target price on Peabody Energy from $30.00 to $28.00 and set a buy rating on the stock in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $34.40.

BTU stock opened at $19.66 on Monday. Peabody Energy has a 1 year low of $17.20 and a 1 year high of $44.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.81. The stock’s 50 day moving average price is $21.12 and its 200 day moving average price is $26.23. The firm has a market cap of $2.05 billion, a P/E ratio of 6.24 and a beta of 0.83.

Peabody Energy (NYSE:BTU) last posted its earnings results on Wednesday, July 31st. The coal producer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Peabody Energy had a return on equity of 10.64% and a net margin of 9.47%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company earned $0.93 EPS. Peabody Energy’s revenue was down 12.2% on a year-over-year basis. On average, research analysts predict that Peabody Energy will post 2.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Tuesday, August 20th. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.14. Peabody Energy’s dividend payout ratio is currently 17.78%.

In other Peabody Energy news, EVP Charles F. Meintjes sold 35,779 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $23.68, for a total transaction of $847,246.72. Following the transaction, the executive vice president now owns 123,398 shares of the company’s stock, valued at approximately $2,922,064.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder International L.P. Elliott purchased 634,698 shares of Peabody Energy stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $18.34 per share, for a total transaction of $11,640,361.32. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 809,698 shares of company stock worth $14,853,296. Corporate insiders own 0.75% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Martingale Asset Management L P lifted its stake in shares of Peabody Energy by 6.9% during the 1st quarter. Martingale Asset Management L P now owns 66,274 shares of the coal producer’s stock worth $1,878,000 after purchasing an additional 4,300 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Peabody Energy during the 1st quarter worth $322,000. Thornburg Investment Management Inc. increased its holdings in shares of Peabody Energy by 1.4% during the 1st quarter. Thornburg Investment Management Inc. now owns 1,287,366 shares of the coal producer’s stock worth $36,471,000 after buying an additional 17,241 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Peabody Energy by 57.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 575,364 shares of the coal producer’s stock worth $16,301,000 after buying an additional 210,564 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Peabody Energy by 33.5% during the 4th quarter. FMR LLC now owns 371,464 shares of the coal producer’s stock worth $11,322,000 after buying an additional 93,163 shares during the last quarter.

About Peabody Energy

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

Featured Article: How to Calculate Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Peabody Energy (NYSE:BTU)

Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.