State of Alaska Department of Revenue Has $2.98 Million Stake in Peabody Energy Corporation $BTU

Key Points

• The State of Alaska Department of Revenue increased its stake in Peabody Energy Corporation by 38.7% during the second quarter, owning 222,266 shares valued at approximately $2.98 million.
• Peabody Energy reported a quarterly revenue of $890.10 million, falling short of analyst expectations, alongside an EPS of (0.06), missing the consensus estimate.
• The company recently announced a quarterly dividend of $0.075 per share, resulting in a 1.1% dividend yield and a payout ratio of 29.13%.

State of Alaska Department of Revenue grew its holdings in Peabody Energy Corporation (NYSE:BTU - Free Report) by 38.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,266 shares of the coal producer's stock after acquiring an additional 61,965 shares during the quarter. State of Alaska Department of Revenue owned 0.18% of Peabody Energy worth $2,981,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Peabody Energy by 1.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer's stock worth $985,000 after buying an additional 700 shares in the last quarter. Byrne Asset Management LLC lifted its position in shares of Peabody Energy by 27.2% in the second quarter. Byrne Asset Management LLC now owns 4,129 shares of the coal producer's stock valued at $55,000 after buying an additional 884 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in 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 purchasing an additional 1,281 shares during the last quarter. US Bancorp DE lifted its holdings in Peabody Energy by 33.5% during the 1st quarter. US Bancorp DE now owns 5,726 shares of the coal producer's stock worth $78,000 after purchasing an additional 1,437 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Peabody Energy by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,886 shares of the coal producer's stock worth $52,000 after purchasing an additional 1,533 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Stock Down 0.9%

Shares of BTU opened at $26.56 on Wednesday. The company has a market capitalization of $3.23 billion, a PE ratio of 25.79 and a beta of 0.64. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $29.94. The stock's 50-day moving average price is $18.67 and its two-hundred day moving average price is $15.35. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last announced 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 analyst estimates of $944.27 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The firm's quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 earnings per share. On average, analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.1%. Peabody Energy's dividend payout ratio is presently 29.13%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BTU shares. UBS Group lifted their price objective on Peabody Energy from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Wall Street Zen cut Peabody Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, B. Riley lifted their price objective on Peabody Energy from $18.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Peabody Energy currently has a consensus rating of "Moderate Buy" and an average target price of $23.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.