Allianz Asset Management GmbH Has $4 Million Stock Position in Peabody Energy Corporation $BTU

Key Points

• Allianz Asset Management GmbH increased its stake in Peabody Energy Corporation by 4.8%, now owning approximately $4 million worth of the company.
• Peabody Energy recently reported a loss of $0.06 EPS for the last quarter, missing analyst expectations, and its revenue decreased by 14.6% year-over-year.
• Analysts are generally optimistic about Peabody Energy, with an average rating of "Moderate Buy" and a price target of $25.20.

Allianz Asset Management GmbH raised its position in Peabody Energy Corporation (NYSE:BTU - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 297,945 shares of the coal producer's stock after acquiring an additional 13,609 shares during the period. Allianz Asset Management GmbH owned about 0.25% of Peabody Energy worth $3,998,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of Peabody Energy by 1.9% in the 1st quarter. American Century Companies Inc. now owns 3,858,777 shares of the coal producer's stock valued at $52,286,000 after purchasing an additional 73,440 shares during the period. Long Focus Capital Management LLC grew its stake in shares of Peabody Energy by 96.7% in the 1st quarter. Long Focus Capital Management LLC now owns 1,789,858 shares of the coal producer's stock valued at $24,253,000 after purchasing an additional 879,800 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Peabody Energy by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer's stock valued at $20,574,000 after purchasing an additional 118,307 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Peabody Energy by 117.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,406,307 shares of the coal producer's stock valued at $19,055,000 after purchasing an additional 760,155 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Peabody Energy by 19.7% in the 1st quarter. Invesco Ltd. now owns 943,955 shares of the coal producer's stock valued at $12,791,000 after purchasing an additional 155,529 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BTU has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Peabody Energy in a research note on Wednesday, October 8th. Wall Street Zen upgraded Peabody Energy from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. B. Riley increased their price target on Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Finally, UBS Group increased their price target on Peabody Energy from $17.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Peabody Energy presently has an average rating of "Moderate Buy" and an average price target of $25.20.

Peabody Energy Stock Up 2.5%

NYSE BTU opened at $29.02 on Friday. The firm has a market cap of $3.53 billion, a PE ratio of 28.17 and a beta of 0.67. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $35.99. The stock's 50 day simple moving average is $23.56 and its 200 day simple moving average is $17.44. 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 (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The firm had revenue of $890.10 million during the quarter, compared to the consensus estimate of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The firm's quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 earnings per share. As a group, sell-side analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, August 14th. Peabody Energy's dividend payout ratio (DPR) is presently 29.13%.

About Peabody Energy

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.

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