Algert Global LLC Buys Shares of 37,080 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 shares of Peabody Energy Corporation (NYSE:BTU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 37,080 shares of the coal producer's stock, valued at approximately $502,000.

Other hedge funds also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Peabody Energy by 117.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,406,307 shares of the coal producer's stock worth $19,055,000 after purchasing an additional 760,155 shares during the last quarter. Nuveen LLC bought a new position in Peabody Energy during the 1st quarter worth $7,331,000. Ranmore Fund Management Ltd bought a new position in Peabody Energy during the 1st quarter worth $5,337,000. Hudson Bay Capital Management LP raised its position in Peabody Energy by 30.4% during the 4th quarter. Hudson Bay Capital Management LP now owns 1,543,915 shares of the coal producer's stock worth $32,330,000 after purchasing an additional 360,000 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Peabody Energy during the 4th quarter worth $5,162,000. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Stock Up 2.7%

Peabody Energy stock traded up $0.45 during midday trading on Friday, reaching $17.29. The stock had a trading volume of 1,846,975 shares, compared to its average volume of 4,727,721. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $15.70 and a two-hundred day moving average price of $14.32. The company has a market capitalization of $2.10 billion, a P/E ratio of 16.79 and a beta of 0.53. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $944.27 million. During the same quarter in the previous year, the firm earned $1.42 EPS. Peabody Energy's quarterly revenue was down 14.6% on a year-over-year basis. As a group, equities analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

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

Analysts Set New Price Targets

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

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.