Deutsche Bank AG Boosts Stake in Peabody Energy Corporation $BTU

Key Points

• Deutsche Bank AG has increased its stake in Peabody Energy Corporation by 29.8%, acquiring an additional 115,172 shares, bringing its total ownership to approximately 501,160 shares valued at $6.79 million.
• Peabody Energy recently reported a quarterly earnings miss with a loss of ($0.06) EPS, falling short of analysts' expectations of ($0.04), alongside a 14.6% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.075 per share, translating to an annual yield of 1.7%, with the ex-dividend date set for August 14th.

Deutsche Bank AG lifted its position in Peabody Energy Corporation (NYSE:BTU - Free Report) by 29.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501,160 shares of the coal producer's stock after purchasing an additional 115,172 shares during the quarter. Deutsche Bank AG owned 0.41% of Peabody Energy worth $6,791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BTU. Quarry LP purchased a new position in shares of Peabody Energy in the 4th quarter worth about $26,000. Allworth Financial LP boosted its holdings 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 purchasing an additional 1,613 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake 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 valued at $42,000 after acquiring an additional 1,281 shares during the last quarter. Byrne Asset Management LLC lifted 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 valued at $44,000 after acquiring an additional 1,490 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Peabody Energy in the 1st quarter valued at about $46,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BTU has been the subject of a number of recent research reports. Wall Street Zen lowered Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. UBS Group initiated coverage on Peabody Energy in a research note on Tuesday, July 15th. They issued a "neutral" rating and a $14.00 target price for the company. Finally, Benchmark lowered their target price on Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Four research 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, Peabody Energy presently has a consensus rating of "Moderate Buy" and an average target price of $21.60.

Peabody Energy Trading Down 3.0%

BTU traded down $0.5010 during midday trading on Wednesday, reaching $15.9990. 2,354,860 shares of the company's stock traded hands, compared to its average volume of 4,774,526. The firm has a fifty day moving average of $15.33 and a two-hundred day moving average of $14.33. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 15.55 and a beta of 0.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. 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 released its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The business had revenue of $890.10 million for the quarter, compared to the consensus estimate of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The company's revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. On average, equities analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. Peabody Energy's dividend payout ratio is presently 29.13%.

Peabody Energy Profile

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.