Sherbrooke Park Advisers LLC Buys Shares of 19,633 Peabody Energy Co. (NYSE:BTU)

Sherbrooke Park Advisers LLC bought a new stake in Peabody Energy Co. (NYSE:BTU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,633 shares of the coal producer's stock, valued at approximately $411,000.

A number of other institutional investors have also recently added to or reduced their stakes in BTU. Steward Partners Investment Advisory LLC raised its holdings in shares of Peabody Energy by 144.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,951 shares of the coal producer's stock valued at $83,000 after purchasing an additional 2,333 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Peabody Energy during the fourth quarter valued at about $3,474,000. Rhumbline Advisers lifted its position in shares of Peabody Energy by 2.4% in the fourth quarter. Rhumbline Advisers now owns 327,601 shares of the coal producer's stock worth $6,860,000 after buying an additional 7,586 shares during the last quarter. GeoSphere Capital Management LLC lifted its position in shares of Peabody Energy by 132.2% in the fourth quarter. GeoSphere Capital Management LLC now owns 100,000 shares of the coal producer's stock worth $2,094,000 after buying an additional 56,929 shares during the last quarter. Finally, Elevate Capital Advisors LLC bought a new stake in shares of Peabody Energy during the 4th quarter worth about $1,889,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BTU has been the subject of a number of research analyst reports. B. Riley cut their target price on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Benchmark decreased their price target on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th.

Peabody Energy Stock Performance

Shares of BTU traded down $0.08 on Wednesday, reaching $13.98. 4,602,357 shares of the stock traded hands, compared to its average volume of 3,429,519. The stock's 50-day moving average price is $13.16 and its 200-day moving average price is $17.66. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 5.18 and a beta of 0.49. Peabody Energy Co. has a 12 month low of $9.61 and a 12 month high of $29.94.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.20. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. The firm had revenue of $937.00 million for the quarter, compared to analyst estimates of $976.57 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The business's revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts forecast that Peabody Energy Co. will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a yield of 2.15%. Peabody Energy's payout ratio is currently 11.19%.

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.