New Age Alpha Advisors LLC Makes New $238,000 Investment in Peabody Energy Corporation (NYSE:BTU)

Key Points

• New Age Alpha Advisors LLC has acquired a new stake in Peabody Energy, purchasing 17,529 shares valued at approximately $238,000.
• Peabody Energy reported a loss of $0.06 EPS for the last quarter, missing expectations, with a revenue of $890.10 million compared to the estimated $944.27 million.
• The company announced a quarterly dividend of $0.075 per share, representing an annualized dividend yield of 1.7%.

New Age Alpha Advisors LLC acquired a new stake in Peabody Energy Corporation (NYSE:BTU - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 17,529 shares of the coal producer's stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTU. Aquatic Capital Management LLC acquired a new stake in Peabody Energy in the fourth quarter valued at $3,474,000. GeoSphere Capital Management LLC raised its stake in shares of Peabody Energy by 132.2% during the 4th quarter. GeoSphere Capital Management LLC now owns 100,000 shares of the coal producer's stock worth $2,094,000 after buying an additional 56,929 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Peabody Energy during the 4th quarter worth $4,515,000. Invesco Ltd. raised its stake in shares of Peabody Energy by 26.5% during the 4th quarter. Invesco Ltd. now owns 788,426 shares of the coal producer's stock worth $16,510,000 after buying an additional 164,987 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Peabody Energy during the 1st quarter worth $156,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on BTU. UBS Group initiated coverage on Peabody Energy in a research note on Tuesday, July 15th. They set a "neutral" rating and a $14.00 price target for the company. Benchmark dropped their price objective on 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, Wall Street Zen cut Peabody Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.60.

Peabody Energy Trading Down 1.9%

BTU traded down $0.34 during midday trading on Thursday, hitting $17.98. The company's stock had a trading volume of 2,789,565 shares, compared to its average volume of 4,784,877. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.19 billion, a P/E ratio of 17.46 and a beta of 0.53. The firm has a 50-day moving average price of $15.01 and a two-hundred day moving average price of $14.38. 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 posted its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The business had revenue of $890.10 million during the quarter, compared to analysts' expectations of $944.27 million. During the same quarter last year, the firm earned $1.42 EPS. The firm's quarterly revenue was down 14.6% compared to the same quarter last year. On average, research analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, August 14th. Peabody Energy's dividend payout ratio is currently 29.13%.

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.