Tejara Capital Ltd Has $1.08 Million Holdings in Peabody Energy Corporation $BTU

Key Points

• Tejara Capital Ltd increased its position in Peabody Energy (NYSE:BTU) by 59.1%, owning 79,565 shares worth approximately $1.08 million.
• Peabody Energy’s quarterly earnings fell short of estimates, reporting a loss of ($0.06) per share against a consensus of ($0.04), with revenues also down 14.6% year-over-year.
• The company announced a quarterly dividend of $0.075 per share, yielding an annualized dividend of 1.7%, with a payout ratio of 29.13%.

Tejara Capital Ltd raised its stake in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) by 59.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,565 shares of the coal producer's stock after acquiring an additional 29,565 shares during the quarter. Tejara Capital Ltd owned approximately 0.07% of Peabody Energy worth $1,078,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Peabody Energy during the 4th quarter worth approximately $26,000. Allworth Financial LP lifted its stake in Peabody Energy by 315.0% during the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock worth $27,000 after purchasing an additional 1,613 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Peabody Energy by 70.7% during the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock worth $42,000 after purchasing an additional 1,281 shares during the last quarter. Byrne Asset Management LLC lifted its stake in Peabody Energy by 84.9% during the first quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock worth $44,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Garde Capital Inc. bought a new position in Peabody Energy during the first quarter worth $46,000. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Stock Performance

Shares of BTU traded down $0.4950 during mid-day trading on Wednesday, reaching $16.0050. 4,597,499 shares of the company's stock traded hands, compared to its average volume of 5,285,182. The business's 50-day moving average price is $15.37 and its 200-day moving average price is $14.34. The stock has a market capitalization of $1.95 billion, a P/E ratio of 15.54 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 Corporation has a 12 month low of $9.61 and a 12 month high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings data 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). Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The company had revenue of $890.10 million for the quarter, compared to the consensus estimate of $944.27 million. During the same quarter in the prior year, the firm earned $1.42 earnings per share. Peabody Energy's revenue for the quarter was down 14.6% compared to the same quarter last year. Equities analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, August 14th. Peabody Energy's payout ratio is presently 29.13%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BTU shares. 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 cut their target price on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group raised their target price on shares of Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.