D.A. Davidson & CO. Boosts Position in Peabody Energy Corporation (NYSE:BTU)

D.A. Davidson & CO. grew its stake in Peabody Energy Corporation (NYSE:BTU - Free Report) by 145.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,725 shares of the coal producer's stock after acquiring an additional 27,069 shares during the quarter. D.A. Davidson & CO.'s holdings in Peabody Energy were worth $620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Summit Investment Advisors Inc. lifted its position in shares of Peabody Energy by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 13,234 shares of the coal producer's stock valued at $277,000 after acquiring an additional 693 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Peabody Energy by 167.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock valued at $25,000 after acquiring an additional 744 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of Peabody Energy by 45.0% in the fourth quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock valued at $61,000 after acquiring an additional 900 shares in the last quarter. BOKF NA lifted its position in shares of Peabody Energy by 5.0% in the fourth quarter. BOKF NA now owns 22,236 shares of the coal producer's stock valued at $466,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Peabody Energy in the fourth quarter valued at $26,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BTU has been the topic of several recent research reports. B. Riley reduced their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark reduced their target price on Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th.

Peabody Energy Stock Performance

NYSE BTU opened at $14.14 on Thursday. The business's 50-day moving average price is $13.80 and its 200 day moving average price is $14.94. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $29.94. The company has a market capitalization of $1.72 billion, a PE ratio of 5.28 and a beta of 0.52. The company has a current ratio of 2.36, a quick ratio of 1.77 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.20. The company had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. Peabody Energy had a return on equity of 10.05% and a net margin of 8.73%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. On average, research analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a $0.075 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.12%. Peabody Energy's dividend payout ratio (DPR) is 11.19%.

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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