Canada Pension Plan Investment Board Invests $4.48 Million in Peabody Energy Corporation $BTU

Key Points

• The Canada Pension Plan Investment Board has invested approximately $4.48 million in Peabody Energy Corporation by acquiring 330,500 shares, representing about 0.27% of the company's stock.
• Peabody Energy's stock has experienced a recent downgrade from a "hold" to a "sell" rating, with a consensus target price of $21.90 from analysts.
• The company reported a net margin of 3.43% and a revenue decline of 14.6% year-over-year, with earnings per share missing consensus estimates in its last quarterly report.

Canada Pension Plan Investment Board purchased a new stake in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 330,500 shares of the coal producer's stock, valued at approximately $4,478,000. Canada Pension Plan Investment Board owned 0.27% of Peabody Energy as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP grew its position in shares of Peabody Energy by 315.0% in the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock valued at $27,000 after buying an additional 1,613 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Peabody Energy by 70.7% in 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 during the last quarter. Byrne Asset Management LLC boosted its stake 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 worth $44,000 after acquiring an additional 1,490 shares in the last quarter. Garde Capital Inc. purchased a new stake in Peabody Energy during the first quarter valued at $46,000. Finally, Parallel Advisors LLC grew its holdings 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 and hedge funds own 87.44% of the company's stock.

Peabody Energy Price Performance

Shares of BTU stock traded down $0.62 during trading on Monday, hitting $18.52. The company had a trading volume of 2,158,871 shares, compared to its average volume of 4,720,256. The stock's 50-day moving average is $16.24 and its two-hundred day moving average is $14.34. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 18.00 and a beta of 0.64.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The company had revenue of $890.10 million for 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 firm's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 earnings per share. As a group, analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders 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 was Thursday, August 14th. Peabody Energy's payout ratio is presently 29.13%.

Wall Street Analysts Forecast Growth

BTU has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of Peabody Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.