Stock Traders Buy Large Volume of Peabody Energy Put Options (BTU)

Peabody Energy (NYSE:BTU) was the target of some unusual options trading on Wednesday. Investors bought 807 put options on the stock. This represents an increase of 787% compared to the average volume of 91 put options.

Several research firms have issued reports on BTU. Zacks Investment Research downgraded Peabody Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. JPMorgan Chase restated an “overweight” rating and set a $48.00 price objective (down from $52.00) on shares of Peabody Energy in a report on Friday, March 16th. ValuEngine downgraded Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley restated a “buy” rating and set a $49.00 price objective on shares of Peabody Energy in a report on Tuesday, January 23rd. Finally, Seaport Global Securities restated a “buy” rating and set a $48.00 price objective on shares of Peabody Energy in a report on Monday, January 22nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Peabody Energy has a consensus rating of “Buy” and an average price target of $42.11.

Shares of Peabody Energy opened at $42.11 on Friday, according to MarketBeat. Peabody Energy has a twelve month low of $40.37 and a twelve month high of $41.39. The company has a quick ratio of 2.02, a current ratio of 2.25 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $5.03 billion and a PE ratio of 10.95.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Wednesday, April 25th. The coal producer reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.01). Peabody Energy had a net margin of 15.59% and a return on equity of 26.49%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the firm posted $6.80 earnings per share. Peabody Energy’s revenue was up 10.3% compared to the same quarter last year. equities analysts forecast that Peabody Energy will post 3.46 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Monday, May 21st will be issued a $0.115 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.09%.

In other Peabody Energy news, EVP Charles F. Meintjes sold 1,125 shares of Peabody Energy stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $36.92, for a total transaction of $41,535.00. Following the sale, the executive vice president now directly owns 206,135 shares in the company, valued at approximately $7,610,504.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kemal Williamson sold 1,461 shares of Peabody Energy stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $36.92, for a total value of $53,940.12. Following the sale, the insider now owns 205,386 shares in the company, valued at $7,582,851.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,519 shares of company stock worth $129,921. Company insiders own 0.42% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Peabody Energy by 45.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,612 shares of the coal producer’s stock valued at $241,000 after acquiring an additional 2,073 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Peabody Energy by 147.2% in the 4th quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock valued at $142,000 after acquiring an additional 2,158 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Peabody Energy by 23.3% in the 1st quarter. Guggenheim Capital LLC now owns 12,785 shares of the coal producer’s stock valued at $466,000 after acquiring an additional 2,412 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Peabody Energy in the 4th quarter valued at approximately $110,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Peabody Energy by 20.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 16,861 shares of the coal producer’s stock valued at $615,000 after acquiring an additional 2,908 shares during the last quarter. Institutional investors and hedge funds own 80.33% of the company’s stock.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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