Public Sector Pension Investment Board Has $5.22 Million Stock Position in Peabody Energy Corporation $BTU

Key Points

• The Public Sector Pension Investment Board increased its stake in Peabody Energy Corporation by 27.3%, acquiring an additional 82,563 shares, which brings their total holdings to 385,270 shares valued at approximately $5.22 million.
• Peabody Energy's quarterly earnings showed a miss with a loss of ($0.06) EPS, below analysts’ expectations of ($0.04), alongside a year-over-year revenue decline of 14.6%.
• The company announced a quarterly dividend of $0.075 per share, translating to an annualized dividend of $0.30 and a dividend yield of 1.7%.

Public Sector Pension Investment Board grew its stake in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) by 27.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 385,270 shares of the coal producer's stock after buying an additional 82,563 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of Peabody Energy worth $5,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC bought a new position in Peabody Energy during the first quarter worth about $7,331,000. Avos Capital Management LLC boosted its holdings in Peabody Energy by 17.0% during the first quarter. Avos Capital Management LLC now owns 13,551 shares of the coal producer's stock worth $184,000 after buying an additional 1,967 shares during the last quarter. Virtu Financial LLC bought a new position in Peabody Energy during the first quarter worth about $478,000. Invesco Ltd. boosted its holdings in Peabody Energy by 19.7% during the first quarter. Invesco Ltd. now owns 943,955 shares of the coal producer's stock worth $12,791,000 after buying an additional 155,529 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Peabody Energy by 64.4% during the first quarter. Covestor Ltd now owns 7,356 shares of the coal producer's stock worth $100,000 after buying an additional 2,882 shares during the last quarter. Institutional investors own 87.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BTU shares. Wall Street Zen cut Peabody Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. UBS Group lifted their price objective on Peabody Energy from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Wednesday. Finally, Benchmark cut their price objective on Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.90.

Peabody Energy Stock Down 1.3%

Peabody Energy stock traded down $0.2150 during midday trading on Thursday, reaching $15.7850. The stock had a trading volume of 2,220,995 shares, compared to its average volume of 4,772,888. The firm's fifty day simple moving average is $15.37 and its 200-day simple moving average is $14.34. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $29.94. The stock has a market capitalization of $1.92 billion, a P/E ratio of 15.32 and a beta of 0.53. 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 (NYSE:BTU - Get Free Report) last announced its earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share (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 firm had revenue of $890.10 million during the quarter, compared to analyst estimates of $944.27 million. During the same period in the prior year, the business posted $1.42 EPS. The firm's quarterly revenue was down 14.6% compared to the same quarter last year. As a group, analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, August 14th. Peabody Energy's dividend payout ratio (DPR) is currently 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.