Drummond Knight Asset Management Pty Ltd Invests $9.20 Million 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 acquired a new position in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 678,704 shares of the coal producer's stock, valued at approximately $9,196,000. Peabody Energy makes up approximately 4.6% of Drummond Knight Asset Management Pty Ltd's holdings, 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 hedge funds and other institutional investors also recently made changes to their positions in BTU. American Century Companies Inc. lifted its holdings in shares of Peabody Energy by 1.9% during the 1st quarter. American Century Companies Inc. now owns 3,858,777 shares of the coal producer's stock worth $52,286,000 after acquiring an additional 73,440 shares during the period. Progeny 3 Inc. lifted its stake in Peabody Energy by 1.1% during the fourth quarter. Progeny 3 Inc. now owns 3,620,014 shares of the coal producer's stock worth $75,803,000 after purchasing an additional 40,000 shares during the last quarter. Long Focus Capital Management LLC boosted its holdings in shares of Peabody Energy by 96.7% in the 1st quarter. Long Focus Capital Management LLC now owns 1,789,858 shares of the coal producer's stock valued at $24,253,000 after purchasing an additional 879,800 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Peabody Energy by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer's stock valued at $20,574,000 after purchasing an additional 118,307 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Peabody Energy by 117.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,406,307 shares of the coal producer's stock valued at $19,055,000 after purchasing an additional 760,155 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Trading Up 1.2%

BTU traded up $0.26 during trading on Wednesday, reaching $20.76. 1,758,487 shares of the company's stock were exchanged, compared to its average volume of 4,673,497. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $29.94. The firm has a fifty day moving average price of $16.92 and a two-hundred day moving average price of $14.57. The stock has a market capitalization of $2.52 billion, a PE ratio of 20.09 and a beta of 0.64.

Peabody Energy (NYSE:BTU - Get Free Report) last issued 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 analyst estimates of $944.27 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.Peabody Energy's revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. As a group, equities research analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.4%. Peabody Energy's dividend payout ratio is presently 29.13%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BTU shares. UBS Group raised their price objective on Peabody Energy from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. B. Riley increased their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Finally, Wall Street Zen downgraded shares of Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.90.

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.