Peabody Energy Co. Declares Quarterly Dividend of $0.08 (NYSE:BTU)

Peabody Energy Co. (NYSE:BTUGet Free Report) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Stockholders of record on Thursday, February 22nd will be paid a dividend of 0.075 per share by the coal producer on Wednesday, March 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.15%.

Peabody Energy has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Peabody Energy to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 7.5%.

Peabody Energy Stock Performance

NYSE:BTU opened at $25.99 on Friday. The stock has a 50-day simple moving average of $24.87 and a two-hundred day simple moving average of $23.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.88 and a current ratio of 2.30. Peabody Energy has a 52-week low of $17.71 and a 52-week high of $31.22. The firm has a market capitalization of $3.41 billion, a PE ratio of 3.43 and a beta of 1.00.

Insiders Place Their Bets

In related news, CFO Mark Spurbeck sold 4,827 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $24.94, for a total value of $120,385.38. Following the completion of the transaction, the chief financial officer now owns 68,638 shares of the company’s stock, valued at approximately $1,711,831.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Mark Spurbeck sold 4,827 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $24.94, for a total transaction of $120,385.38. Following the completion of the transaction, the chief financial officer now owns 68,638 shares in the company, valued at $1,711,831.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Elliott Investment Management sold 1,750,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $23.35, for a total value of $40,862,500.00. Following the completion of the sale, the insider now owns 15,480,000 shares in the company, valued at $361,458,000. The disclosure for this sale can be found here. Insiders sold a total of 6,283,252 shares of company stock worth $149,524,162 over the last three months. 0.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Peabody Energy

Several institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. increased its stake in Peabody Energy by 0.3% during the fourth quarter. Alliancebernstein L.P. now owns 131,800 shares of the coal producer’s stock worth $3,482,000 after acquiring an additional 400 shares during the last quarter. O Brien Greene & Co. Inc boosted its holdings in Peabody Energy by 1.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 29,915 shares of the coal producer’s stock valued at $648,000 after acquiring an additional 500 shares during the period. Harbour Investments Inc. grew its holdings in shares of Peabody Energy by 323.1% in the fourth quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock worth $29,000 after purchasing an additional 840 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Peabody Energy by 1.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 47,772 shares of the coal producer’s stock worth $1,262,000 after purchasing an additional 859 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Peabody Energy by 3.4% during the 1st quarter. Guggenheim Capital LLC now owns 32,601 shares of the coal producer’s stock valued at $800,000 after buying an additional 1,087 shares in the last quarter. Institutional investors own 82.33% of the company’s stock.

About Peabody Energy

(Get Free Report)

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, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.

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Dividend History for Peabody Energy (NYSE:BTU)

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