Peabody Energy Corporation $BTU Holdings Boosted by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC increased its stake in Peabody Energy by 19.0%, now owning 67,381 shares valued at $904,000.
• Peabody Energy's stock price has risen 3.7% recently, with the current trading price around $23.91 and a market capitalization of $2.91 billion.
• Analyst ratings for Peabody Energy indicate a consensus of "Moderate Buy" with an average price target of $23.20; B. Riley recently raised their price objective to $24.00.

Exchange Traded Concepts LLC grew its stake in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,381 shares of the coal producer's stock after acquiring an additional 10,760 shares during the period. Exchange Traded Concepts LLC owned 0.06% of Peabody Energy worth $904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. American Century Companies Inc. grew its holdings in shares of Peabody Energy by 1.9% during the 1st quarter. American Century Companies Inc. now owns 3,858,777 shares of the coal producer's stock valued at $52,286,000 after acquiring an additional 73,440 shares in the last quarter. Long Focus Capital Management LLC raised its position in shares of Peabody Energy by 96.7% during the first quarter. Long Focus Capital Management LLC now owns 1,789,858 shares of the coal producer's stock valued at $24,253,000 after buying an additional 879,800 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Peabody Energy by 8.5% during the first 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Peabody Energy by 117.6% during the first 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 last quarter. Finally, Invesco Ltd. raised its position in Peabody Energy by 19.7% in the first quarter. Invesco Ltd. now owns 943,955 shares of the coal producer's stock worth $12,791,000 after purchasing an additional 155,529 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on BTU. B. Riley upped their price objective on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Wall Street Zen cut shares of Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, UBS Group lifted their price target on shares of Peabody Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Peabody Energy has an average rating of "Moderate Buy" and a consensus price target of $23.20.

Peabody Energy Stock Up 3.7%

Peabody Energy stock opened at $23.91 on Wednesday. The firm has a market capitalization of $2.91 billion, a PE ratio of 23.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The company's 50-day moving average is $17.69 and its 200-day moving average is $14.91. Peabody Energy Corporation has a fifty-two week low of $9.61 and a fifty-two week high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its 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). The company had revenue of $890.10 million for the quarter, compared to the consensus estimate of $944.27 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The business's quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. Peabody Energy's payout ratio is presently 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.

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