Empowered Funds LLC Makes New Investment in Peabody Energy Corporation $BTU

Key Points

• Empowered Funds LLC purchased 531,549 Peabody Energy shares worth approximately $12.3 million, giving it a 0.44% stake. Institutional investors collectively own 87.44% of BTU.
• Analyst sentiment is mixed, with two Buy, two Hold, and two Sell ratings; the consensus rating is Hold and the average price target is $33.88.
• Peabody reported a quarterly loss of $0.74 per share, missing estimates, while revenue rose 12.7% year over year to $1 billion. The company also declared a quarterly dividend of $0.075 per share, implying a 1.0% annual yield.

Empowered Funds LLC bought a new stake in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 531,549 shares of the coal producer's stock, valued at approximately $12,289,000. Empowered Funds LLC owned about 0.44% of Peabody Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Peabody Energy by 1.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer's stock worth $985,000 after purchasing an additional 700 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Peabody Energy by 45.3% during the first quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer's stock valued at $452,000 after purchasing an additional 10,401 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Peabody Energy in the first quarter worth about $261,000. First Trust Advisors LP increased its stake in Peabody Energy by 21.4% in the 2nd quarter. First Trust Advisors LP now owns 291,577 shares of the coal producer's stock worth $3,913,000 after buying an additional 51,384 shares during the period. Finally, Federated Hermes Inc. increased its stake in Peabody Energy by 742.1% in the 2nd quarter. Federated Hermes Inc. now owns 281,576 shares of the coal producer's stock worth $3,779,000 after buying an additional 248,140 shares during the period. 87.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BTU shares. Benchmark decreased their price objective on shares of Peabody Energy from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Zacks Research lowered shares of Peabody Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Weiss Ratings downgraded shares of Peabody Energy from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, June 23rd. UBS Group decreased their price target on shares of Peabody Energy from $27.00 to $26.50 and set a "neutral" rating for the company in a research note on Tuesday, August 4th. Finally, B. Riley Financial dropped their price objective on Peabody Energy from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $33.88.

Peabody Energy Trading Down 1.8%

NYSE:BTU opened at $28.91 on Friday. The firm has a 50-day simple moving average of $24.02 and a 200-day simple moving average of $28.00. Peabody Energy Corporation has a one year low of $16.46 and a one year high of $41.14. The firm has a market cap of $3.52 billion, a P/E ratio of -19.27 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.46 and a current ratio of 2.01.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The coal producer reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.36). The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. Peabody Energy had a negative net margin of 4.56% and a negative return on equity of 5.22%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) earnings per share. Equities analysts anticipate that Peabody Energy Corporation will post 0.33 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 12th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. Peabody Energy's dividend payout ratio (DPR) is presently -20.00%.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world's largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company's operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody's product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.

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