Bayesian Capital Management LP Buys New Shares in Peabody Energy Co. (NYSE:BTU)

Bayesian Capital Management LP bought a new position in Peabody Energy Co. (NYSE:BTU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,002 shares of the coal producer's stock, valued at approximately $440,000.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Peabody Energy by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,346,729 shares of the coal producer's stock worth $153,841,000 after acquiring an additional 88,466 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Peabody Energy by 6.0% in the 4th quarter. American Century Companies Inc. now owns 3,785,337 shares of the coal producer's stock worth $79,265,000 after purchasing an additional 215,614 shares during the period. Northern Trust Corp boosted its holdings in shares of Peabody Energy by 2.1% in the 4th quarter. Northern Trust Corp now owns 1,620,897 shares of the coal producer's stock worth $33,942,000 after purchasing an additional 33,742 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Peabody Energy by 9.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,422,400 shares of the coal producer's stock worth $29,785,000 after purchasing an additional 125,372 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Peabody Energy by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,400,044 shares of the coal producer's stock worth $29,317,000 after purchasing an additional 11,363 shares during the period. 87.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. B. Riley cut their target price on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Benchmark cut their target price on Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th.

Peabody Energy Stock Performance

BTU stock traded up $0.29 during midday trading on Monday, reaching $14.58. The stock had a trading volume of 1,467,540 shares, compared to its average volume of 3,363,411. The firm has a fifty day simple moving average of $12.94 and a two-hundred day simple moving average of $18.13. The stock has a market cap of $1.77 billion, a PE ratio of 5.39 and a beta of 0.49. Peabody Energy Co. has a 52-week low of $9.61 and a 52-week high of $29.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.20. Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. The firm had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company's revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Peabody Energy Co. will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be given a $0.075 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.06%. Peabody Energy's dividend payout ratio (DPR) is presently 11.19%.

About Peabody Energy

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.