Peabody Energy (NYSE:BTU) Price Target Lowered to $32.00 at B. Riley

Peabody Energy (NYSE:BTU) had its price objective cut by B. Riley from $34.00 to $32.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the coal producer’s stock. B. Riley also issued estimates for Peabody Energy’s Q4 2024 earnings at $0.86 EPS and FY2025 earnings at $2.58 EPS.

Separately, Benchmark reaffirmed a buy rating and set a $28.00 target price on shares of Peabody Energy in a research note on Friday, April 12th.

Peabody Energy Price Performance

Peabody Energy stock opened at $24.04 on Monday. Peabody Energy has a 1 year low of $17.71 and a 1 year high of $27.24. The company’s 50 day simple moving average is $24.55 and its 200-day simple moving average is $24.53. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 4.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.06.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.08). Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $2.65 earnings per share. Peabody Energy’s quarterly revenue was down 24.1% on a year-over-year basis. As a group, equities research analysts expect that Peabody Energy will post 3.66 earnings per share for the current year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 21st. Peabody Energy’s dividend payout ratio (DPR) is presently 6.02%.

Insiders Place Their Bets

In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the transaction, the chief financial officer now owns 75,464 shares in the company, valued at approximately $1,854,150.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Darren Ronald Yeates sold 31,980 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.48, for a total value of $814,850.40. Following the completion of the transaction, the chief operating officer now owns 78,307 shares in the company, valued at approximately $1,995,262.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Spurbeck sold 6,826 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the transaction, the chief financial officer now owns 75,464 shares of the company’s stock, valued at approximately $1,854,150.48. The disclosure for this sale can be found here. Insiders sold 52,806 shares of company stock worth $1,339,565 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BTU. Envestnet Asset Management Inc. acquired a new position in shares of Peabody Energy in the 1st quarter valued at $202,000. Raymond James & Associates acquired a new position in shares of Peabody Energy in the 1st quarter valued at $289,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Peabody Energy by 93.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,535 shares of the coal producer’s stock valued at $724,000 after buying an additional 14,285 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Peabody Energy in the 1st quarter valued at $1,206,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Peabody Energy by 54.4% in the 1st quarter. MetLife Investment Management LLC now owns 47,644 shares of the coal producer’s stock valued at $1,169,000 after buying an additional 16,787 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Company 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.