Allspring Global Investments Holdings LLC Has $593,000 Stake in Peabody Energy Co. (NYSE:BTU)

Allspring Global Investments Holdings LLC decreased its position in shares of Peabody Energy Co. (NYSE:BTU) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,344 shares of the coal producer’s stock after selling 1,404 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Peabody Energy were worth $593,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BTU. Blue Trust Inc. boosted its position in shares of Peabody Energy by 11,390.0% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after purchasing an additional 1,139 shares in the last quarter. Natixis raised its position in Peabody Energy by 8,355.0% in the first quarter. Natixis now owns 1,691 shares of the coal producer’s stock worth $41,000 after acquiring an additional 1,671 shares during the period. Altshuler Shaham Ltd bought a new position in Peabody Energy during the second quarter valued at $44,000. GAMMA Investing LLC raised its stake in Peabody Energy by 292.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock valued at $55,000 after acquiring an additional 1,533 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Peabody Energy in the second quarter valued at approximately $78,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Benchmark boosted their price objective on shares of Peabody Energy from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Finally, B. Riley raised their price target on Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

Peabody Energy Price Performance

BTU stock opened at $26.48 on Friday. The company has a market cap of $3.33 billion, a P/E ratio of 6.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.92. The firm has a 50-day moving average of $24.25 and a 200 day moving average of $23.34. Peabody Energy Co. has a 1 year low of $20.21 and a 1 year high of $27.29.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that Peabody Energy Co. will post 2.98 EPS for the current year.

Peabody Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.13%. Peabody Energy’s dividend payout ratio is currently 7.77%.

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.