Bridgeway Capital Management LLC Makes New Investment in Peabody Energy Corporation $BTU

Key Points

• Bridgeway Capital Management LLC has made a new investment in Peabody Energy Corporation, purchasing 670,363 shares valued at approximately $9.08 million.
• Peabody Energy reported a loss per share of ($0.06) for the last quarter, missing analyst expectations, and experienced a 14.6% year-over-year decline in revenue.
• UBS Group raised its price target for Peabody Energy from $14.00 to $15.50, while Benchmark reduced its target from $26.00 to $23.00, indicating mixed sentiments from analysts.

Bridgeway Capital Management LLC acquired a new stake in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 670,363 shares of the coal producer's stock, valued at approximately $9,083,000. Bridgeway Capital Management LLC owned approximately 0.55% of Peabody Energy at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Peabody Energy by 315.0% during the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock valued at $27,000 after purchasing an additional 1,613 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Peabody Energy by 70.7% during the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock valued at $42,000 after purchasing an additional 1,281 shares in the last quarter. Byrne Asset Management LLC boosted its position in Peabody Energy by 84.9% during the first quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock valued at $44,000 after purchasing an additional 1,490 shares in the last quarter. Garde Capital Inc. acquired a new position in Peabody Energy during the 1st quarter valued at about $46,000. Finally, Parallel Advisors LLC increased its position in Peabody Energy by 714.6% during the 1st quarter. Parallel Advisors LLC now owns 4,570 shares of the coal producer's stock valued at $62,000 after buying an additional 4,009 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BTU. UBS Group upped their target price on Peabody Energy from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Peabody Energy presently has an average rating of "Moderate Buy" and a consensus target price of $21.90.

Peabody Energy Stock Performance

BTU traded down $0.72 during midday trading on Monday, hitting $18.41. 3,590,032 shares of the company were exchanged, compared to its average volume of 4,729,192. The company's 50 day simple moving average is $16.24 and its 200 day simple moving average is $14.34. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 17.88 and a beta of 0.64. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share 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%.Peabody Energy's revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share. As a group, sell-side analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were given 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 currently 29.13%.

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.