Baird Financial Group Inc. Purchases Shares of 127,425 Peabody Energy Corporation $BTU

Key Points

• Baird Financial Group Inc. purchased 127,425 shares of Peabody Energy, valued at approximately $1.7 million, giving them about 0.10% ownership in the company.
• Peabody Energy's stock has risen 9.8%, with a market cap of $2.32 billion and a recent trading price of $19.10.
• The company reported a quarterly loss of ($0.06) EPS, missing analyst expectations, and its revenue decreased by 14.6% year-over-year.

Baird Financial Group Inc. purchased a new stake in Peabody Energy Corporation (NYSE:BTU - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 127,425 shares of the coal producer's stock, valued at approximately $1,727,000. Baird Financial Group Inc. owned about 0.10% of Peabody Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BTU. American Century Companies Inc. raised its stake in shares of Peabody Energy by 1.9% in the first quarter. American Century Companies Inc. now owns 3,858,777 shares of the coal producer's stock worth $52,286,000 after purchasing an additional 73,440 shares during the last quarter. Progeny 3 Inc. raised its stake in shares of Peabody Energy by 1.1% in the fourth quarter. Progeny 3 Inc. now owns 3,620,014 shares of the coal producer's stock worth $75,803,000 after purchasing an additional 40,000 shares during the last quarter. Northern Trust Corp raised its stake in shares of Peabody Energy by 2.1% in the fourth quarter. Northern Trust Corp now owns 1,620,897 shares of the coal producer's stock worth $33,942,000 after purchasing an additional 33,742 shares during the last quarter. Hudson Bay Capital Management LP raised its stake in shares of Peabody Energy by 30.4% in the fourth 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, Charles Schwab Investment Management Inc. raised its stake in shares of Peabody Energy by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer's stock worth $20,574,000 after purchasing an additional 118,307 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Stock Up 9.8%

Peabody Energy stock opened at $19.10 on Monday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 18.55 and a beta of 0.64. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The business's 50-day moving average price is $16.24 and its 200 day moving average price is $14.34. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its 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). The company had revenue of $890.10 million for the quarter, compared to analyst estimates of $944.27 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The firm's revenue was down 14.6% on a year-over-year basis. During the same period last year, the business earned $1.42 earnings per share. As a group, sell-side analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Peabody Energy's dividend payout ratio (DPR) is 29.13%.

Wall Street Analyst Weigh In

BTU has been the subject of several research analyst reports. UBS Group raised their price objective on Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Wall Street Zen cut Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Peabody Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.90.

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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