CenterBook Partners LP Acquires 101,010 Shares of Peabody Energy Corporation $BTU

Key Points

• CenterBook Partners acquired 101,010 Peabody Energy shares in the third quarter, valued at approximately $2.46 million, representing about 0.08% of the company.
• Peabody reported quarterly revenue of $1.10 billion, above estimates and up 8.3% year over year, but its loss of $0.27 per share was wider than analysts’ expected $0.05 loss.
• The company announced a quarterly dividend of $0.075 per share, equivalent to a 1.9% yield. Analysts’ consensus rating was Hold, with an average price target of $34.12.

CenterBook Partners LP bought a new stake in Peabody Energy Corporation (NYSE:BTU - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 101,010 shares of the coal producer's stock, valued at approximately $2,464,000. CenterBook Partners LP owned 0.08% of Peabody Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Van ECK Associates Corp boosted its position in Peabody Energy by 387.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,556,305 shares of the coal producer's stock worth $35,982,000 after purchasing an additional 1,236,770 shares during the period. Bank of New York Mellon Corp purchased a new position in Peabody Energy in the second quarter valued at about $22,393,000. Arrowstreet Capital Limited Partnership raised its position in Peabody Energy by 1,139.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 328,139 shares of the coal producer's stock valued at $10,812,000 after purchasing an additional 301,661 shares during the period. Empowered Funds LLC lifted its stake in shares of Peabody Energy by 35.0% during the first quarter. Empowered Funds LLC now owns 740,760 shares of the coal producer's stock worth $24,408,000 after purchasing an additional 192,153 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Peabody Energy by 279.2% during the first quarter. NewEdge Advisors LLC now owns 148,965 shares of the coal producer's stock worth $4,908,000 after purchasing an additional 109,678 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Price Performance

BTU opened at $16.11 on Monday. Peabody Energy Corporation has a twelve month low of $15.69 and a twelve month high of $41.14. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -13.54 and a beta of 0.47. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $24.84 and a 200 day simple moving average of $27.73.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The coal producer reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.22). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. Peabody Energy had a negative return on equity of 4.26% and a negative net margin of 3.55%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.58) EPS. Equities research analysts expect that Peabody Energy Corporation will post -0.70 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.0750 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. Peabody Energy's dividend payout ratio (DPR) is currently -25.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BTU shares. B. Riley Financial raised Peabody Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $29.00 to $30.00 in a research report on Monday, October 26th. Zacks Research lowered Peabody Energy from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 27th. UBS Group dropped their target price on Peabody Energy from $27.00 to $26.50 and set a "neutral" rating on the stock in a report on Tuesday, August 4th. Weiss Ratings raised Peabody Energy from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, October 2nd. Finally, Benchmark reduced their price target on Peabody Energy from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $34.12.

Peabody Energy Profile

Peabody Energy is an international coal company that explores for, mines, and sells coal. Its products include thermal coal, used primarily to generate electricity, and metallurgical coal, which is used in steelmaking.

The company operates mining businesses in the United States and Australia and supplies customers in markets around the world. Its activities span coal production, processing, and marketing.

Founded in 1883, Peabody has a long history in the coal industry. The company is headquartered in St.

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