Adams Asset Advisors LLC Buys 35,000 Shares of Peabody Energy Corporation (NYSE:BTU)

Adams Asset Advisors LLC lifted its stake in Peabody Energy Corporation (NYSE:BTU - Free Report) by 53.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,000 shares of the coal producer's stock after purchasing an additional 35,000 shares during the quarter. Adams Asset Advisors LLC owned about 0.08% of Peabody Energy worth $1,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BTU. Smartleaf Asset Management LLC boosted its holdings in shares of Peabody Energy by 167.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock worth $25,000 after purchasing an additional 744 shares during the period. Quarry LP purchased a new position in shares of Peabody Energy in the 4th quarter worth approximately $26,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Peabody Energy by 70.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock worth $42,000 after purchasing an additional 1,281 shares during the period. Byrne Asset Management LLC boosted its holdings in shares of Peabody Energy by 84.9% in the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock worth $44,000 after purchasing an additional 1,490 shares during the period. Finally, Altshuler Shaham Ltd lifted its stake in shares of Peabody Energy by 45.0% during the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock worth $61,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Peabody Energy Trading Down 5.9%

Shares of Peabody Energy stock traded down $0.84 on Friday, hitting $13.44. 6,605,133 shares of the company traded hands, compared to its average volume of 3,557,472. The company has a current ratio of 2.36, a quick ratio of 1.77 and a debt-to-equity ratio of 0.09. The stock's 50 day moving average price is $13.49 and its 200-day moving average price is $15.63. The company has a market cap of $1.63 billion, a PE ratio of 5.01 and a beta of 0.53. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.20. The business had revenue of $937.00 million during the quarter, compared to analyst estimates of $976.57 million. Peabody Energy had a return on equity of 10.05% and a net margin of 8.73%. Peabody Energy's revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. Equities research analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, May 15th. Peabody Energy's dividend payout ratio (DPR) is presently 11.19%.

Analysts Set New Price Targets

BTU has been the subject of a number of research analyst reports. Benchmark decreased their price target on Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. B. Riley decreased their price target on Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, April 11th.

Peabody Energy Company 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.