Invesco Ltd. Has $12.79 Million Position in Peabody Energy Corporation $BTU

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. increased its position in Peabody Energy Corporation (NYSE:BTU - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 943,955 shares of the coal producer's stock after buying an additional 155,529 shares during the quarter. Invesco Ltd. owned about 0.78% of Peabody Energy worth $12,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BTU. Raymond James Financial Inc. acquired a new stake in Peabody Energy during the 4th quarter valued at $337,000. Mariner LLC boosted its position in Peabody Energy by 40.1% during the fourth quarter. Mariner LLC now owns 32,549 shares of the coal producer's stock valued at $682,000 after purchasing an additional 9,316 shares during the last quarter. Guggenheim Capital LLC grew its stake in Peabody Energy by 57.3% in the fourth quarter. Guggenheim Capital LLC now owns 13,957 shares of the coal producer's stock valued at $292,000 after purchasing an additional 5,086 shares in the last quarter. NewEdge Advisors LLC increased its position in Peabody Energy by 8.9% in the 4th quarter. NewEdge Advisors LLC now owns 22,958 shares of the coal producer's stock worth $481,000 after purchasing an additional 1,874 shares during the last quarter. Finally, Natixis acquired a new position in Peabody Energy in the fourth quarter worth approximately $67,000. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Stock Performance

Shares of NYSE BTU traded up $0.01 during trading hours on Thursday, reaching $16.77. The stock had a trading volume of 1,319,500 shares, compared to its average volume of 4,739,653. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 16.27 and a beta of 0.53. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $29.94. The business's fifty day moving average is $15.65 and its two-hundred day moving average is $14.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64.

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). The company had revenue of $890.10 million during the quarter, compared to the consensus estimate of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The business's revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company earned $1.42 earnings per share. As a group, research analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, August 14th. Peabody Energy's payout ratio is presently 29.13%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BTU shares. UBS Group increased their price target on Peabody Energy from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Wall Street Zen lowered shares of Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Benchmark cut their target price on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.90.

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.