Peabody Energy Co. (NYSE:BTU) EVP Charles F. Meintjes sold 35,779 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $23.68, for a total value of $847,246.72. Following the completion of the transaction, the executive vice president now owns 123,398 shares in the company, valued at $2,922,064.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Peabody Energy stock traded down $0.85 during trading on Wednesday, hitting $22.52. 416,522 shares of the stock traded hands, compared to its average volume of 797,304. The company has a current ratio of 1.77, a quick ratio of 1.52 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.48 billion, a PE ratio of 7.27 and a beta of 0.90. Peabody Energy Co. has a 52 week low of $22.49 and a 52 week high of $47.52.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, May 1st. The coal producer reported $1.15 EPS for the quarter, beating the consensus estimate of $0.50 by $0.65. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. Peabody Energy had a return on equity of 12.55% and a net margin of 10.61%. The company’s revenue was down 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS. As a group, analysts predict that Peabody Energy Co. will post 2.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 2.49%. Peabody Energy’s dividend payout ratio is 17.78%.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Peabody Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Credit Suisse Group assumed coverage on Peabody Energy in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $42.00 target price on the stock. BMO Capital Markets assumed coverage on Peabody Energy in a research note on Wednesday, March 20th. They issued a “market perform” rating and a $34.00 target price on the stock. Deutsche Bank assumed coverage on Peabody Energy in a research note on Sunday, March 31st. They issued a “buy” rating and a $33.00 target price on the stock. Finally, MKM Partners decreased their target price on Peabody Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Peabody Energy currently has a consensus rating of “Hold” and a consensus price target of $37.63.

Institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY increased its position in shares of Peabody Energy by 363.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 24,563 shares of the coal producer’s stock valued at $749,000 after purchasing an additional 19,263 shares during the last quarter. Martingale Asset Management L P increased its position 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 valued at $1,878,000 after purchasing an additional 4,300 shares during the last quarter. Thornburg Investment Management Inc. increased its position 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 valued at $36,471,000 after purchasing an additional 17,241 shares during the last quarter. Weiss Multi Strategy Advisers LLC increased its position in shares of Peabody Energy by 12.5% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 45,000 shares of the coal producer’s stock valued at $1,372,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Peabody Energy by 565.5% during the 4th quarter. Citigroup Inc. now owns 1,163,992 shares of the coal producer’s stock valued at $35,478,000 after purchasing an additional 989,090 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: “Peabody Energy Co. (NYSE:BTU) EVP Charles F. Meintjes Sells 35,779 Shares” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://theolympiareport.com/2019/06/12/peabody-energy-co-nysebtu-evp-charles-f-meintjes-sells-35779-shares.html.

Peabody Energy Company Profile

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: Book Value Per Share – BVPS

Insider Buying and Selling by Quarter 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.