Thomist Capital Management LP Has $11.09 Million Stock Position in Peabody Energy Co. (NYSE:BTU)

Thomist Capital Management LP decreased its position in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 95.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 533,817 shares of the coal producer's stock after selling 10,160,355 shares during the quarter. Peabody Energy accounts for 2.7% of Thomist Capital Management LP's portfolio, making the stock its 10th largest position. Thomist Capital Management LP owned about 0.44% of Peabody Energy worth $11,093,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted its position in Peabody Energy by 144.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,951 shares of the coal producer's stock valued at $83,000 after purchasing an additional 2,333 shares during the period. Aquatic Capital Management LLC purchased a new position in Peabody Energy in the fourth quarter worth about $3,474,000. Rhumbline Advisers grew its stake in shares of Peabody Energy by 2.4% during the 4th quarter. Rhumbline Advisers now owns 327,601 shares of the coal producer's stock valued at $6,860,000 after purchasing an additional 7,586 shares during the period. GeoSphere Capital Management LLC increased its position 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 valued at $2,094,000 after purchasing an additional 56,929 shares during the last quarter. Finally, Elevate Capital Advisors LLC purchased a new position in shares of Peabody Energy in the fourth quarter worth approximately $1,889,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on BTU shares. Benchmark decreased their price target on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. B. Riley lowered their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.

Peabody Energy Price Performance

Shares of Peabody Energy stock traded up $0.24 during trading hours on Friday, hitting $13.78. The company's stock had a trading volume of 1,564,275 shares, compared to its average volume of 3,429,288. The company has a market cap of $1.68 billion, a PE ratio of 5.10 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. The business has a 50 day moving average price of $13.18 and a two-hundred day moving average price of $17.54. Peabody Energy Co. has a 12-month low of $9.61 and a 12-month high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.20. Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. The company had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. Analysts expect that Peabody Energy Co. will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.30 annualized dividend and a yield of 2.18%. Peabody Energy's payout ratio is 11.19%.

Peabody Energy Company 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.