GAMMA Investing LLC boosted its holdings in Peabody Energy Corporation (NYSE:BTU - Free Report) by 1,433.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,883 shares of the coal producer's stock after purchasing an additional 29,804 shares during the quarter. GAMMA Investing LLC's holdings in Peabody Energy were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of BTU. Marshall Wace LLP acquired a new position in shares of Peabody Energy in the 4th quarter valued at about $15,352,000. ExodusPoint Capital Management LP acquired a new stake in shares of Peabody Energy during the fourth quarter valued at about $8,565,000. Hudson Bay Capital Management LP grew its stake in Peabody Energy by 30.4% during the 4th quarter. Hudson Bay Capital Management LP now owns 1,543,915 shares of the coal producer's stock valued at $32,330,000 after purchasing an additional 360,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Peabody Energy by 105.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 646,152 shares of the coal producer's stock worth $13,530,000 after buying an additional 331,759 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Peabody Energy in the 4th quarter worth about $5,162,000. Institutional investors and hedge funds own 87.44% of the company's stock.
Peabody Energy Stock Performance
NYSE BTU traded down $0.84 during trading hours on Friday, reaching $13.44. The company's stock had a trading volume of 6,605,133 shares, compared to its average volume of 3,561,349. The stock has a market cap of $1.63 billion, a PE ratio of 5.01 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 company has a current ratio of 2.36, a quick ratio of 1.77 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $13.48 and a 200 day simple moving average of $15.75.
Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.20. The business had revenue of $937.00 million for the quarter, compared to analysts' expectations of $976.57 million. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Equities research analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.
Peabody Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, May 15th. Peabody Energy's dividend payout ratio is currently 11.19%.
Wall Street Analyst Weigh In
Several analysts have issued reports on BTU shares. Benchmark cut their price objective on Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. B. Riley reduced their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, April 11th.
Check Out Our Latest Analysis on Peabody Energy
About Peabody Energy
(
Free Report)
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.
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