Ieq Capital LLC Makes New $848,000 Investment in Peabody Energy Corporation $BTU

Key Points

• Ieq Capital LLC acquired 36,664 Peabody Energy shares in the second quarter, valued at approximately $848,000. Institutional investors and hedge funds collectively own 87.44% of BTU.
• Peabody Energy reported quarterly revenue of approximately $1 billion, up 12.7% year over year, but missed earnings expectations with an EPS loss of $0.74 versus the $0.38 expected.
• The company declared a quarterly dividend of $0.075 per share, equivalent to a $0.30 annualized payout and a 1.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $33.88.

Ieq Capital LLC purchased a new position in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 36,664 shares of the coal producer's stock, valued at approximately $848,000.

Several other institutional investors have also made changes to their positions in the company. Valued Wealth Advisors LLC acquired a new position in Peabody Energy in the first quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its stake in Peabody Energy by 104.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer's stock valued at $25,000 after acquiring an additional 1,024 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Peabody Energy in the fourth quarter worth approximately $37,000. Meeder Asset Management Inc. grew its position in Peabody Energy by 1,513.7% in the first quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer's stock worth $39,000 after acquiring an additional 1,105 shares in the last quarter. Finally, Main Street Group LTD acquired a new position in shares of Peabody Energy during the 1st quarter worth $50,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Stock Up 7.6%

Shares of BTU stock opened at $29.40 on Friday. Peabody Energy Corporation has a 12 month low of $16.46 and a 12 month high of $41.14. The firm has a market cap of $3.58 billion, a PE ratio of -19.60 and a beta of 0.34. The stock has a 50 day moving average of $23.94 and a 200-day moving average of $28.00. The company has a quick ratio of 1.46, a current ratio of 2.01 and a debt-to-equity ratio of 0.10.

Peabody Energy (NYSE:BTU - Get Free Report) last announced 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). Peabody Energy had a negative return on equity of 5.22% and a negative net margin of 4.56%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business posted ($0.23) EPS. The company's revenue was up 12.7% on a year-over-year basis. On average, equities analysts predict that Peabody Energy Corporation will post 0.33 EPS for the current year.

Peabody Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BTU. Zacks Research downgraded shares of Peabody Energy from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. 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. UBS Group lowered their target price on shares of Peabody Energy from $27.00 to $26.50 and set a "neutral" rating on the stock in a research note on Tuesday, August 4th. B. Riley Financial dropped their target price on shares of 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 lowered shares of Peabody Energy from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Peabody Energy has an average rating of "Hold" and a consensus target price of $33.88.

About Peabody Energy

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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