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

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Peabody Energy by 1.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer's stock worth $985,000 after acquiring an additional 700 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Peabody Energy by 70.7% in the 1st 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 in the last quarter. US Bancorp DE grew its stake in shares of Peabody Energy by 33.5% in the 1st quarter. US Bancorp DE now owns 5,726 shares of the coal producer's stock worth $78,000 after buying an additional 1,437 shares during the last quarter. Byrne Asset Management LLC grew its stake in shares of Peabody Energy by 84.9% in the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock worth $44,000 after buying an additional 1,490 shares during the last quarter. Finally, Allworth Financial LP grew its stake 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 worth $27,000 after buying an additional 1,613 shares during the last quarter. Institutional investors own 87.44% of the company's stock.

Peabody Energy Stock Up 2.8%

BTU traded up $0.59 during trading on Thursday, hitting $21.86. 5,660,491 shares of the company's stock traded hands, compared to its average volume of 3,900,383. The company's 50 day simple moving average is $17.20 and its two-hundred day simple moving average is $14.68. 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 12-month low of $9.61 and a 12-month high of $29.94. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 21.22 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) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The business had revenue of $890.10 million for the quarter, compared to analysts' expectations of $944.27 million. During the same quarter in the prior year, the business posted $1.42 earnings per share. The business's revenue for the quarter was down 14.6% on a year-over-year basis. Analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, August 14th. Peabody Energy's dividend payout ratio (DPR) is currently 29.13%.

Wall Street Analyst Weigh In

BTU has been the topic of several recent research reports. B. Riley upped their price target on Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Wall Street Zen downgraded Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, UBS Group upped their price target on Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Peabody Energy presently has a consensus rating of "Moderate Buy" and a consensus price target 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.