Bridgefront Capital LLC Buys 21,481 Shares of Peabody Energy Co. (NYSE:BTU)

Bridgefront Capital LLC increased its stake in Peabody Energy Co. (NYSE:BTU - Free Report) by 145.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,216 shares of the coal producer's stock after purchasing an additional 21,481 shares during the quarter. Bridgefront Capital LLC's holdings in Peabody Energy were worth $758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in Peabody Energy by 323.5% in the 3rd quarter. Barclays PLC now owns 248,891 shares of the coal producer's stock worth $6,605,000 after purchasing an additional 190,120 shares in the last quarter. Franklin Resources Inc. boosted its stake in Peabody Energy by 79.2% during the third quarter. Franklin Resources Inc. now owns 175,424 shares of the coal producer's stock valued at $4,693,000 after buying an additional 77,525 shares during the period. CWA Asset Management Group LLC purchased a new position in Peabody Energy during the fourth quarter worth about $368,000. Adams Asset Advisors LLC purchased a new position in Peabody Energy during the fourth quarter worth about $1,361,000. Finally, FNY Investment Advisers LLC bought a new position in Peabody Energy in the 4th quarter worth about $194,000. 87.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BTU has been the subject of several recent analyst reports. B. Riley cut their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a report on Friday, April 11th. Benchmark dropped their target price on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday.

Peabody Energy Price Performance

Shares of Peabody Energy stock traded up $0.07 during trading on Friday, hitting $14.23. 5,545,222 shares of the stock traded hands, compared to its average volume of 3,368,947. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 5.27 and a beta of 0.49. The company has a quick ratio of 1.68, a current ratio of 2.15 and a debt-to-equity ratio of 0.27. Peabody Energy Co. has a 52 week low of $9.61 and a 52 week high of $29.94. The firm's fifty day moving average is $12.91 and its 200-day moving average is $18.29.

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

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.30 annualized dividend and a yield of 2.11%. Peabody Energy's payout ratio is 11.11%.

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.