BIP Wealth LLC Takes Position in Peabody Energy Co. (NYSE:BTU)

BIP Wealth LLC acquired a new position in shares of Peabody Energy Co. (NYSE:BTU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 26,084 shares of the coal producer's stock, valued at approximately $546,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Peabody Energy by 167.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock worth $25,000 after buying an additional 744 shares in the last quarter. Quarry LP acquired a new stake in shares of Peabody Energy during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC lifted its stake in Peabody Energy by 63.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock valued at $37,000 after buying an additional 680 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in Peabody Energy by 45.0% in the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock valued at $61,000 after acquiring an additional 900 shares during the last quarter. Finally, Natixis acquired a new position in Peabody Energy during the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Trading Down 3.0 %

BTU traded down $0.45 during mid-day trading on Wednesday, reaching $14.37. The stock had a trading volume of 6,597,326 shares, compared to its average volume of 3,336,341. The stock has a market capitalization of $1.75 billion, a P/E ratio of 5.32 and a beta of 0.49. 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 Co. has a 52 week low of $9.61 and a 52 week high of $29.94. The firm's fifty day simple moving average is $12.89 and its two-hundred day simple moving average is $18.36.

Peabody Energy (NYSE:BTU - Get Free Report) last released its earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.07 by $0.20. The firm had revenue of $937.00 million for the quarter, compared to analysts' expectations of $976.57 million. Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. The business's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. On average, equities analysts predict that Peabody Energy Co. will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.30 annualized dividend and a dividend yield of 2.09%. Peabody Energy's payout ratio is 11.11%.

Analyst Ratings Changes

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

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.