American Century Companies Inc. Has $52.29 Million Stake in Peabody Energy Corporation $BTU

Key Points

• American Century Companies Inc. increased its stake in Peabody Energy by 1.9%, now owning approximately 3.17% of the company, valued at $52.29 million.
• Peabody Energy's quarterly earnings report revealed a net loss of ($0.06) EPS, falling short of analysts' expectations, with revenues down 14.6% year-over-year.
• The company announced a quarterly dividend of $0.075, representing a 1.8% yield, scheduled for payment on September 3rd for shareholders of record on August 14th.

American Century Companies Inc. boosted its position in Peabody Energy Corporation (NYSE:BTU - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,858,777 shares of the coal producer's stock after buying an additional 73,440 shares during the period. American Century Companies Inc. owned approximately 3.17% of Peabody Energy worth $52,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Peabody Energy by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,346,729 shares of the coal producer's stock valued at $153,841,000 after buying an additional 88,466 shares during the period. Progeny 3 Inc. raised its holdings in shares of Peabody Energy by 1.1% during the fourth quarter. Progeny 3 Inc. now owns 3,620,014 shares of the coal producer's stock valued at $75,803,000 after purchasing an additional 40,000 shares during the period. Northern Trust Corp raised its holdings in shares of Peabody Energy by 2.1% during the fourth quarter. Northern Trust Corp now owns 1,620,897 shares of the coal producer's stock valued at $33,942,000 after purchasing an additional 33,742 shares during the period. Hudson Bay Capital Management LP raised its holdings in shares of Peabody Energy by 30.4% during the fourth quarter. Hudson Bay Capital Management LP now owns 1,543,915 shares of the coal producer's stock valued at $32,330,000 after purchasing an additional 360,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Peabody Energy by 8.5% during the first 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. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Trading Down 3.5%

NYSE:BTU opened at $16.5070 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 2.21. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 16.03 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. The firm has a 50-day moving average price of $15.33 and a two-hundred day moving average price of $14.33.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $890.10 million during the quarter, compared to analysts' expectations of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The company's quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. On average, equities analysts expect that Peabody Energy Corporation will post 2.61 earnings per share 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. Shareholders 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 1.8%. Peabody Energy's dividend payout ratio (DPR) is 29.13%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Peabody Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. UBS Group started coverage on shares of Peabody Energy in a report on Tuesday, July 15th. They set a "neutral" rating and a $14.00 price objective on the stock. Finally, Benchmark decreased their target price on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Peabody Energy currently has an average rating of "Moderate Buy" and a consensus price target of $21.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.