Bank of New York Mellon Corp Has $18.86 Million Holdings in Peabody Energy Corporation (NYSE:BTU)

Bank of New York Mellon Corp decreased its holdings in Peabody Energy Corporation (NYSE:BTU - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,391,909 shares of the coal producer's stock after selling 30,491 shares during the quarter. Bank of New York Mellon Corp owned about 1.14% of Peabody Energy worth $18,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new position in Peabody Energy in the 4th quarter valued at about $26,000. Harbor Capital Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 1,281 shares during the period. Byrne Asset Management LLC lifted its holdings in shares of Peabody Energy by 84.9% during 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. Garde Capital Inc. purchased a new position in shares of Peabody Energy during the 1st quarter worth about $46,000. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Peabody Energy by 45.0% during the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock worth $61,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BTU. UBS Group began coverage on shares of Peabody Energy in a research report on Tuesday, July 15th. They set a "neutral" rating and a $14.00 price target for the company. B. Riley decreased their price objective on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Benchmark decreased their price objective on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Peabody Energy currently has a consensus rating of "Moderate Buy" and an average target price of $21.60.

Peabody Energy Stock Performance

Shares of NYSE BTU traded up $1.44 during midday trading on Tuesday, reaching $17.35. 12,991,474 shares of the company traded hands, compared to its average volume of 3,795,650. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The stock has a 50-day moving average price of $14.00 and a 200 day moving average price of $14.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.77. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 6.47 and a beta of 0.52.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, topping the consensus estimate of $0.07 by $0.20. The firm had revenue of $937.00 million for the quarter, compared to analysts' expectations of $976.57 million. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. Peabody Energy's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Sell-side analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.075 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.73%. Peabody Energy's dividend payout ratio (DPR) is presently 11.19%.

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.