Algert Global LLC Invests $502,000 in Peabody Energy Corporation $BTU

Key Points

• Algert Global LLC has made a new investment of approximately $502,000 in Peabody Energy Corporation ($BTU), acquiring 37,080 shares in the first quarter.
• Institutional investors collectively own 87.44% of Peabody Energy stock, indicating strong institutional interest in the company.
• Analysts have set a consensus price target of $21.90 for Peabody Energy, with ratings ranging from "Buy" to "Sell" among different research firms.

Algert Global LLC acquired a new stake in Peabody Energy Corporation (NYSE:BTU - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 37,080 shares of the coal producer's stock, valued at approximately $502,000.

Several other institutional investors have also added to or reduced their stakes in the stock. BOKF NA lifted its position in Peabody Energy by 5.0% in the 4th quarter. BOKF NA now owns 22,236 shares of the coal producer's stock valued at $466,000 after acquiring an additional 1,050 shares in the last quarter. Quarry LP bought a new stake in Peabody Energy in the 4th quarter valued at $26,000. Harbor Capital Advisors Inc. lifted its position in Peabody Energy by 70.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock valued at $42,000 after acquiring an additional 1,281 shares in the last quarter. US Bancorp DE lifted its position in Peabody Energy by 33.5% in the 1st quarter. US Bancorp DE now owns 5,726 shares of the coal producer's stock valued at $78,000 after acquiring an additional 1,437 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its position in Peabody Energy by 84.9% in the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock valued at $44,000 after acquiring an additional 1,490 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Benchmark cut their price objective on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen cut shares of Peabody Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, UBS Group boosted their price objective on shares of Peabody Energy from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.90.

Peabody Energy Stock Up 3.3%

NYSE:BTU traded up $0.55 on Friday, hitting $17.39. 3,649,703 shares of the company's stock were exchanged, compared to its average volume of 4,345,004. The firm has a 50-day moving average price of $15.78 and a 200-day moving average price of $14.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The company has a market cap of $2.11 billion, a P/E ratio of 16.88 and a beta of 0.53.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The business had revenue of $890.10 million for the quarter, compared to the consensus estimate of $944.27 million. During the same period last year, the firm earned $1.42 earnings per share. The company's quarterly revenue was down 14.6% compared to the same quarter last year. As a group, analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.7%. Peabody Energy's payout ratio is currently 29.13%.

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.