Drummond Knight Asset Management Pty Ltd Makes New $9.20 Million Investment in Peabody Energy Corporation $BTU

Key Points

• Drummond Knight Asset Management Pty Ltd acquired 678,704 shares of Peabody Energy Corporation, representing a stake valued at approximately $9.2 million, making it the fund's 10th largest position.
• Peabody Energy reported a quarterly loss, with earnings per share at ($0.06), missing estimates, and a revenue decline of 14.6% year-over-year.
• Currently, 87.44% of Peabody Energy's stock is owned by institutional investors, reflecting strong interest in the coal producer among major funds.

Drummond Knight Asset Management Pty Ltd purchased a new position 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 and Exchange Commission (SEC). The fund purchased 678,704 shares of the coal producer's stock, valued at approximately $9,196,000. Peabody Energy comprises 4.6% of Drummond Knight Asset Management Pty Ltd's investment portfolio, making the stock its 10th largest position. Drummond Knight Asset Management Pty Ltd owned approximately 0.56% of Peabody Energy at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BTU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Peabody Energy by 1.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer's stock worth $985,000 after buying an additional 700 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Peabody Energy by 70.7% during the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock worth $42,000 after buying an additional 1,281 shares during the period. US Bancorp DE boosted its stake in Peabody Energy by 33.5% during the first 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 period. Byrne Asset Management LLC boosted its stake in Peabody Energy by 84.9% during the first 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 period. Finally, Allworth Financial LP boosted its stake in 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 buying an additional 1,613 shares during the period. Institutional investors own 87.44% of the company's stock.

Peabody Energy Trading Down 0.8%

Shares of BTU traded down $0.14 during trading hours on Friday, reaching $18.39. 1,821,119 shares of the company traded hands, compared to its average volume of 3,680,472. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 17.85 and a beta of 0.64. Peabody Energy Corporation has a 12-month low of $9.61 and a 12-month high of $29.94. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The stock's fifty day moving average price is $16.68 and its 200 day moving average price is $14.49.

Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $890.10 million during 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 business's revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Sell-side analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, August 14th. Peabody Energy's dividend payout ratio is 29.13%.

Analyst Ratings Changes

Several research analysts have commented on BTU shares. Wall Street Zen lowered shares of Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. B. Riley lifted their price objective on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Finally, UBS Group boosted their target price on shares of Peabody Energy from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.90.

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.