Caxton Associates LLP Takes Position in Peabody Energy Corporation $BTU

Key Points

• Caxton Associates LLP has acquired a stake in Peabody Energy Corporation, purchasing 29,637 shares valued at approximately $402,000 during the first quarter of the year.
• Peabody Energy reported a recent earnings miss with an EPS of ($0.06), below the expected ($0.04), and a year-over-year quarterly revenue decline of 14.6%.
• The company announced a quarterly dividend of $0.075 per share, translating to an annualized dividend yield of 1.6% and a payout ratio of 29.13%.

Caxton Associates LLP purchased a new stake in Peabody Energy Corporation (NYSE:BTU - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 29,637 shares of the coal producer's stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Allworth Financial LP grew its position in shares of Peabody Energy by 315.0% during the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock worth $27,000 after acquiring an additional 1,613 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Peabody Energy by 70.7% during the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock worth $42,000 after acquiring an additional 1,281 shares during the last quarter. Byrne Asset Management LLC grew its position in shares of 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 during the last quarter. Garde Capital Inc. bought a new position in shares of Peabody Energy during the first quarter worth about $46,000. Finally, Parallel Advisors LLC grew its position in shares of Peabody Energy by 714.6% during the first quarter. Parallel Advisors LLC now owns 4,570 shares of the coal producer's stock worth $62,000 after acquiring an additional 4,009 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Stock Performance

Shares of BTU opened at $18.39 on Friday. The firm has a 50-day moving average price of $16.68 and a 200 day moving average price of $14.48. The firm has a market capitalization of $2.24 billion, a PE ratio of 17.85 and a beta of 0.64. 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 Corporation has a 52-week low of $9.61 and a 52-week high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last announced 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). Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The company had revenue of $890.10 million during the quarter, compared to the consensus estimate of $944.27 million. During the same quarter in the prior year, the company earned $1.42 EPS. The business's quarterly revenue was down 14.6% on a year-over-year basis. On average, sell-side analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

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

Analyst Ratings Changes

BTU has been the subject of several recent research reports. UBS Group upped their price target on shares of Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of Peabody Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, B. Riley upped their price target on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday. Four 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 a consensus rating of "Moderate Buy" and a consensus target price of $22.90.

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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