Nuveen LLC Makes New $7.33 Million Investment in Peabody Energy Corporation $BTU

Key Points

• Nuveen LLC has acquired a new stake in Peabody Energy Corporation, purchasing 540,998 shares valued at approximately $7.33 million, representing about 0.45% of the company.
• Peabody Energy reported a net margin of 3.43% and a revenue of $890.10 million, which is down 14.6% year-over-year, missing analyst estimates.
• The company declared a quarterly dividend of $0.075, reflecting an annual yield of 1.8%, with a payout ratio of 29.13%.

Nuveen LLC bought a new position in Peabody Energy Corporation (NYSE:BTU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 540,998 shares of the coal producer's stock, valued at approximately $7,331,000. Nuveen LLC owned 0.45% of Peabody Energy as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Progeny 3 Inc. grew its stake in Peabody Energy by 1.1% in the 4th quarter. Progeny 3 Inc. now owns 3,620,014 shares of the coal producer's stock worth $75,803,000 after acquiring an additional 40,000 shares during the period. Northern Trust Corp grew its stake in Peabody Energy by 2.1% in the 4th quarter. Northern Trust Corp now owns 1,620,897 shares of the coal producer's stock worth $33,942,000 after acquiring an additional 33,742 shares during the period. Hudson Bay Capital Management LP grew its stake in Peabody Energy by 30.4% in the 4th quarter. Hudson Bay Capital Management LP now owns 1,543,915 shares of the coal producer's stock worth $32,330,000 after acquiring an additional 360,000 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Peabody Energy by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer's stock valued at $20,574,000 after buying an additional 118,307 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Peabody Energy by 117.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,406,307 shares of the coal producer's stock valued at $19,055,000 after buying an additional 760,155 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Stock Up 3.3%

Peabody Energy stock traded up $0.55 during trading on Friday, reaching $17.39. 3,649,703 shares of the company's stock were exchanged, compared to its average volume of 4,345,004. The company's 50-day moving average is $15.78 and its two-hundred day moving average is $14.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 2.21. Peabody Energy Corporation has a 52-week low of $9.61 and a 52-week high of $29.94. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 16.88 and a beta of 0.53.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The business had revenue of $890.10 million for the quarter, compared to analysts' expectations of $944.27 million. During the same period last year, the company posted $1.42 earnings per share. The firm's revenue for the quarter was down 14.6% on a year-over-year basis. On average, analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BTU. Benchmark lowered 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 note on Wednesday, May 7th. UBS Group boosted their price objective on shares of Peabody Energy from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen cut shares of Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.90.

About Peabody Energy

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.