Decade Renewable Partners LP Makes New $4.74 Million Investment in Peabody Energy Corporation $BTU

Key Points

• Decade Renewable Partners LP bought 349,500 shares of Peabody Energy, valued at approximately $4.7 million, making it 3.6% of their portfolio and the firm's 14th largest holding.
• Institutional investors own 87.44% of Peabody Energy's stock, with significant increases in holdings from firms like Long Focus Capital Management LLC and Connor Clark & Lunn Investment Management Ltd.
• Peabody Energy reported a net loss of ($0.06) earnings per share for the last quarter, missing analyst expectations, and experienced a 14.6% decrease in revenue year-over-year.

Decade Renewable Partners LP purchased a new stake in Peabody Energy Corporation (NYSE:BTU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 349,500 shares of the coal producer's stock, valued at approximately $4,736,000. Peabody Energy accounts for about 3.6% of Decade Renewable Partners LP's holdings, making the stock its 14th largest holding. Decade Renewable Partners LP owned approximately 0.29% of Peabody Energy at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Quarry LP purchased a new stake in Peabody Energy during the 4th quarter worth $26,000. Allworth Financial LP increased 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. lifted its stake in shares of Peabody Energy by 70.7% in 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 in the last quarter. Byrne Asset Management LLC grew its stake in Peabody Energy by 84.9% during the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock valued at $44,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Peabody Energy in the first quarter worth $46,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Price Performance

Shares of NYSE BTU traded up $0.28 during trading on Wednesday, hitting $17.06. The company had a trading volume of 3,541,599 shares, compared to its average volume of 3,933,899. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The business's 50-day moving average is $16.02 and its 200 day moving average is $14.33. The company has a market cap of $2.07 billion, a P/E ratio of 14.03 and a beta of 0.64. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 2.21.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The business had revenue of $890.10 million for the quarter, compared to analyst estimates of $944.27 million. During the same quarter in the previous year, the business posted $1.42 earnings per share. The company's revenue was down 14.6% compared to the same quarter last year. Equities research analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.8%. Peabody Energy's payout ratio is 29.13%.

Analysts Set New Price Targets

Several research firms recently issued reports on BTU. UBS Group upped their price target on Peabody Energy from $14.00 to $15.50 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen cut shares of Peabody Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Benchmark reduced their price objective on Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently 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.