Scientech Research LLC Buys 20,862 Shares of Peabody Energy Corporation $BTU

Key Points

• Scientech Research LLC significantly increased its stake in Peabody Energy by 92.9% during the first quarter, now holding 43,314 shares valued at approximately $587,000.
• Multiple institutional investors have also raised their stakes in Peabody Energy, with Parallel Advisors LLC boosting theirs by an impressive 714.6%, indicating strong institutional confidence in the company.
• Peabody Energy's recent earnings report showed an EPS of ($0.06), missing estimates, with revenues down 14.6% year-over-year; however, the company maintains a current ratio of 2.21, indicating solid liquidity.

Scientech Research LLC boosted its stake in Peabody Energy Corporation (NYSE:BTU - Free Report) by 92.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,314 shares of the coal producer's stock after acquiring an additional 20,862 shares during the quarter. Scientech Research LLC's holdings in Peabody Energy were worth $587,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BTU. Allworth Financial LP raised its position in shares of Peabody Energy by 315.0% in the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock valued at $27,000 after purchasing an additional 1,613 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Peabody Energy by 70.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock valued at $42,000 after acquiring an additional 1,281 shares during the last quarter. Byrne Asset Management LLC increased its holdings in shares of Peabody Energy by 84.9% in the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock valued at $44,000 after acquiring an additional 1,490 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of Peabody Energy in the 1st quarter valued at approximately $46,000. Finally, Parallel Advisors LLC increased its holdings in shares of Peabody Energy by 714.6% in the 1st quarter. Parallel Advisors LLC now owns 4,570 shares of the coal producer's stock valued at $62,000 after acquiring an additional 4,009 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Trading Up 0.2%

Shares of NYSE:BTU traded up $0.03 during midday trading on Thursday, reaching $18.55. The company had a trading volume of 2,062,550 shares, compared to its average volume of 3,774,197. 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 1-year low of $9.61 and a 1-year high of $29.94. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 18.01 and a beta of 0.64. The company has a fifty day simple moving average of $16.60 and a two-hundred day simple moving average of $14.45.

Peabody Energy (NYSE:BTU - Get Free Report) last issued 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). Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The business had revenue of $890.10 million for the quarter, compared to analysts' expectations of $944.27 million. During the same quarter in the prior year, the firm posted $1.42 EPS. The business's quarterly revenue was down 14.6% compared to the same quarter last year. Research 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 was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 14th. Peabody Energy's dividend payout ratio (DPR) is presently 29.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group upped their price objective on Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Wall Street Zen downgraded Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, B. Riley upped their price objective on Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Peabody Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.90.

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.