Rhumbline Advisers Decreases Position in Peabody Energy Corporation $BTU

Key Points

• Rhumbline Advisers decreased its holdings in Peabody Energy Corporation (NYSE:BTU) by 5.5%, selling 18,059 shares during the first quarter, now owning approximately 0.25% of the company worth $4,194,000.
• Several institutional investors have increased their positions in Peabody Energy, including Deutsche Bank AG, which boosted its stake by 29.8%, and D.A. Davidson & CO., which raised its stake by 145.1% in the first quarter.
• Recent analyst reports have resulted in mixed ratings for BTU, with Wall Street Zen downgrading it to a "sell" while B. Riley increased its price target to $24.00 and maintained a "buy" rating.

Rhumbline Advisers decreased its holdings in Peabody Energy Corporation (NYSE:BTU - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 309,542 shares of the coal producer's stock after selling 18,059 shares during the quarter. Rhumbline Advisers owned approximately 0.25% of Peabody Energy worth $4,194,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Deutsche Bank AG lifted its stake in shares of Peabody Energy by 29.8% in the first quarter. Deutsche Bank AG now owns 501,160 shares of the coal producer's stock worth $6,791,000 after acquiring an additional 115,172 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Peabody Energy by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer's stock worth $20,574,000 after acquiring an additional 118,307 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Peabody Energy in the first quarter worth about $156,000. Neo Ivy Capital Management acquired a new position in shares of Peabody Energy in the fourth quarter worth about $1,742,000. Finally, D.A. Davidson & CO. lifted its stake in shares of Peabody Energy by 145.1% in the first quarter. D.A. Davidson & CO. now owns 45,725 shares of the coal producer's stock worth $620,000 after acquiring an additional 27,069 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Wall Street Analyst Weigh In

BTU has been the topic of several recent analyst reports. Wall Street Zen cut Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. UBS Group boosted their price target on Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Finally, B. Riley upped their price objective on Peabody Energy from $18.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.90.

Peabody Energy Trading Down 0.8%

Shares of NYSE BTU opened at $18.39 on Monday. The stock's 50 day moving average price is $16.68 and its two-hundred day moving average price is $14.49. Peabody Energy Corporation has a 52-week low of $9.61 and a 52-week high of $29.94. The stock has a market capitalization of $2.24 billion, a P/E ratio of 17.85 and a beta of 0.64. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $890.10 million for 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 firm's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the company posted $1.42 earnings per share. On average, analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. Peabody Energy's dividend payout ratio is 29.13%.

About Peabody Energy

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.

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