Federated Hermes Inc. Acquires 31,107 Shares of Peabody Energy Corporation (NYSE:BTU)

Key Points

• Federated Hermes Inc. significantly increased its stake in Peabody Energy Corporation by 1,335.6% during Q1, acquiring 31,107 additional shares for a total of 33,436 shares valued at approximately $453,000.
• Peabody Energy recently announced a quarterly dividend of $0.075, representing a yield of 1.7%, with a payout ratio of 29.13%.
• The company's latest earnings report revealed a loss of $0.06 per share, missing analysts' expectations, along with a 14.6% decline in revenue year-over-year.

Federated Hermes Inc. increased its holdings in Peabody Energy Corporation (NYSE:BTU - Free Report) by 1,335.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,436 shares of the coal producer's stock after purchasing an additional 31,107 shares during the quarter. Federated Hermes Inc.'s holdings in Peabody Energy were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its holdings in Peabody Energy by 5.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 13,234 shares of the coal producer's stock worth $277,000 after acquiring an additional 693 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in Peabody Energy by 45.0% in the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock worth $61,000 after acquiring an additional 900 shares during the last quarter. BOKF NA grew its holdings in Peabody Energy by 5.0% in the 4th quarter. BOKF NA now owns 22,236 shares of the coal producer's stock worth $466,000 after acquiring an additional 1,050 shares during the last quarter. Quarry LP bought a new stake in Peabody Energy in the 4th quarter worth $26,000. Finally, Harbor Capital Advisors Inc. grew its holdings in Peabody Energy by 70.7% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Peabody Energy Stock Down 0.0%

NYSE BTU traded down $0.01 during trading hours on Wednesday, reaching $18.11. 1,951,726 shares of the company's stock traded hands, compared to its average volume of 4,780,067. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The firm has a market cap of $2.20 billion, a PE ratio of 17.64 and a beta of 0.53. Peabody Energy Corporation has a 52-week low of $9.61 and a 52-week high of $29.94. The firm has a 50-day simple moving average of $14.92 and a 200 day simple moving average of $14.35.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its 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 analysts' expectations of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The firm's quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. Sell-side analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given 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 1.7%. Peabody Energy's dividend payout ratio is currently 29.13%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BTU. UBS Group started coverage on shares of Peabody Energy in a report on Tuesday, July 15th. They issued a "neutral" rating and a $14.00 price target on the stock. Benchmark cut their target price on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Peabody Energy presently has an average rating of "Moderate Buy" and a consensus target price of $21.60.

Peabody Energy Company 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.