Kapitalo Investimentos Ltda Purchases Shares of 16,938 Peabody Energy Corporation (NYSE:BTU)

Key Points

• Kapitalo Investimentos Ltda has acquired 16,938 shares of Peabody Energy Corporation, valued at approximately $230,000, during the first quarter.
• Peabody Energy reported an EPS of $0.27 for the last quarter, exceeding analysts' estimates of $0.07, despite a 4.7% decrease in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.075, representing an annualized dividend yield of 1.80%.

Kapitalo Investimentos Ltda purchased a new stake in Peabody Energy Corporation (NYSE:BTU - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,938 shares of the coal producer's stock, valued at approximately $230,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. boosted its holdings in Peabody Energy by 5.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 13,234 shares of the coal producer's stock valued at $277,000 after purchasing an additional 693 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in Peabody Energy by 45.0% in the fourth quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock valued at $61,000 after purchasing an additional 900 shares during the last quarter. BOKF NA boosted its holdings in Peabody Energy by 5.0% in the fourth quarter. BOKF NA now owns 22,236 shares of the coal producer's stock valued at $466,000 after purchasing an additional 1,050 shares during the last quarter. Quarry LP purchased a new stake in Peabody Energy in the fourth quarter valued at $26,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Peabody Energy by 70.7% in the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock valued at $42,000 after purchasing an additional 1,281 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Price Performance

Shares of NYSE BTU opened at $16.70 on Friday. The firm has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $14.55. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 6.23 and a beta of 0.52. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.20. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. The business had revenue of $937.00 million during the quarter, compared to analysts' expectations of $976.57 million. During the same period in the prior year, the business earned $0.30 earnings per share. The company's quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, May 15th. Peabody Energy's dividend payout ratio is currently 11.19%.

Wall Street Analysts Forecast Growth

BTU has been the topic of a number of recent analyst reports. B. Riley lowered their price target on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Benchmark reduced their price objective on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, UBS Group initiated coverage on shares of Peabody Energy in a research report on Tuesday, July 15th. They issued a "neutral" rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.60.

Peabody Energy 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.

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