Flat Footed LLC Acquires Shares of 74,502 Peabody Energy Corporation $BTU

Key Points

• Flat Footed LLC acquired 74,502 shares of Peabody Energy during the second quarter, valued at approximately $1.72 billion, giving it about 0.06% of the company. Institutional investors collectively own 87.44% of BTU.
• Peabody reported quarterly revenue of $1 billion, up 12.7% year over year, but its adjusted loss of $0.74 per share missed analyst expectations of a $0.38 loss. The company had negative net margins and return on equity for the period.
• Peabody declared a quarterly dividend of $0.075 per share, or $0.30 annually, representing a 1.1% yield. Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $33.88.

Flat Footed LLC acquired a new position in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 74,502 shares of the coal producer's stock, valued at approximately $1,722,486,000. Peabody Energy accounts for 0.1% of Flat Footed LLC's holdings, making the stock its 17th largest holding. Flat Footed LLC owned approximately 0.06% of Peabody Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BTU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 valued at $985,000 after acquiring an additional 700 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Peabody Energy by 45.3% in the 1st 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 stake in Peabody Energy in the 1st quarter valued at about $261,000. First Trust Advisors LP grew its position in shares of Peabody Energy by 21.4% during the 2nd quarter. First Trust Advisors LP now owns 291,577 shares of the coal producer's stock worth $3,913,000 after purchasing an additional 51,384 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Peabody Energy by 742.1% during the 2nd quarter. Federated Hermes Inc. now owns 281,576 shares of the coal producer's stock worth $3,779,000 after purchasing an additional 248,140 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Stock Down 1.3%

Shares of BTU opened at $27.53 on Wednesday. The firm has a 50 day simple moving average of $23.82 and a two-hundred day simple moving average of $28.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.46. Peabody Energy Corporation has a one year low of $16.21 and a one year high of $41.14. The company has a market cap of $3.35 billion, a P/E ratio of -18.35 and a beta of 0.34.

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

Peabody Energy Announces Dividend

The firm 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. This represents a $0.30 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 12th. Peabody Energy's dividend payout ratio is currently -20.00%.

Wall Street Analyst Weigh In

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

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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