Peabody Energy Corporation (NYSE:BTU) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,336 shares of the coal producer's stock after acquiring an additional 30,302 shares during the quarter. Allianz Asset Management GmbH owned about 0.23% of Peabody Energy worth $3,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BTU. Quarry LP acquired a new position in shares of Peabody Energy during the 4th quarter valued at $26,000. Allworth Financial LP lifted its holdings in Peabody Energy by 315.0% in the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock worth $27,000 after buying an additional 1,613 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings 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 worth $42,000 after buying an additional 1,281 shares in the last quarter. Byrne Asset Management LLC lifted its holdings 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 worth $44,000 after buying an additional 1,490 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in Peabody Energy in the 1st quarter worth $46,000. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Stock Down 1.1%

Shares of BTU traded down $0.18 during midday trading on Friday, hitting $15.98. The company had a trading volume of 2,459,921 shares, compared to its average volume of 4,784,638. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The company's 50 day moving average price is $14.37 and its 200 day moving average price is $14.50. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 5.95 and a beta of 0.52.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.73% and a return on equity of 10.05%. The business had revenue of $890.10 million for the quarter, compared to the consensus estimate of $944.27 million. During the same period in the prior year, the company earned $1.42 EPS. Peabody Energy's quarterly revenue was down 14.6% on a year-over-year basis. On average, equities research analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.9%. Peabody Energy's dividend payout ratio is presently 11.19%.

Analysts Set New Price Targets

A number of equities analysts have 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 report on Wednesday, May 7th. UBS Group assumed coverage on shares of Peabody Energy in a report on Tuesday, July 15th. They issued a "neutral" rating and a $14.00 price objective on the stock. Finally, B. Riley cut their price objective on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.60.

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.