Peabody Energy Corporation $BTU Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Peabody Energy Corporation by 19.7% in the first quarter, owning 943,955 shares valued at approximately $12.79 million.
• Peabody Energy reported a loss of ($0.06) earnings per share for the last quarter, missing estimates, with a revenue decline of 14.6% year-over-year.
• The company announced a quarterly dividend of $0.075, representing an annualized dividend yield of 1.8%.

Invesco Ltd. raised its stake in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 943,955 shares of the coal producer's stock after acquiring an additional 155,529 shares during the period. Invesco Ltd. owned approximately 0.78% of Peabody Energy worth $12,791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Peabody Energy in the fourth quarter valued at approximately $26,000. Allworth Financial LP increased its stake in Peabody Energy by 315.0% in the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock valued at $27,000 after buying an additional 1,613 shares during the period. Harbor Capital Advisors Inc. raised its position in Peabody Energy by 70.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock worth $42,000 after buying an additional 1,281 shares during the last quarter. Byrne Asset Management LLC lifted its stake in shares of Peabody Energy by 84.9% in the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock worth $44,000 after acquiring an additional 1,490 shares during the period. Finally, Garde Capital Inc. purchased a new stake in shares of Peabody Energy in the first quarter valued at about $46,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BTU has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Peabody Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Benchmark reduced their price target on Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group upped their price objective on Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Peabody Energy currently has an average rating of "Moderate Buy" and an average target price of $21.90.

Peabody Energy Price Performance

Shares of NYSE:BTU traded up $0.55 during midday trading on Friday, hitting $17.39. 3,649,703 shares of the stock were exchanged, compared to its average volume of 4,345,004. The stock has a market cap of $2.11 billion, a P/E ratio of 16.88 and a beta of 0.53. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $29.94. The company has a 50 day moving average price of $15.78 and a 200-day moving average price of $14.32.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $944.27 million. During the same period in the previous year, the company posted $1.42 earnings per share. Peabody Energy's revenue was down 14.6% on a year-over-year basis. On average, research analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

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