Strs Ohio Makes New Investment in Peabody Energy Corporation $BTU

Key Points

• Strs Ohio has acquired a new position of 27,800 shares in Peabody Energy Corporation (NYSE: BTU), valued at approximately $377,000, according to a recent SEC filing.
• Peabody Energy recently declared a quarterly dividend of $0.075 per share, resulting in an annualized dividend yield of 1.3%.
• Analysts have varying ratings for Peabody Energy, with a consensus rating of "Moderate Buy" and an average price target of $23.20.

Strs Ohio acquired a new position in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,800 shares of the coal producer's stock, valued at approximately $377,000.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of Peabody Energy by 315.0% during 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. boosted its position 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 valued at $42,000 after purchasing an additional 1,281 shares in the last quarter. Byrne Asset Management LLC boosted its position 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 valued at $44,000 after purchasing an additional 1,490 shares in the last quarter. Garde Capital Inc. bought a new stake in shares of Peabody Energy during the 1st quarter valued at about $46,000. Finally, Parallel Advisors LLC boosted its position in shares of Peabody Energy by 714.6% during the 1st quarter. Parallel Advisors LLC now owns 4,570 shares of the coal producer's stock valued at $62,000 after purchasing an additional 4,009 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Trading Up 1.8%

Shares of BTU stock opened at $23.13 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $17.51 and a two-hundred day moving average price of $14.85. Peabody Energy Corporation has a 12-month low of $9.61 and a 12-month high of $29.94. The firm has a market cap of $2.81 billion, a P/E ratio of 22.46 and a beta of 0.64.

Peabody Energy (NYSE:BTU - Get Free Report) last released its 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 company had revenue of $890.10 million during the quarter, compared to the consensus estimate of $944.27 million. During the same period last year, the firm posted $1.42 EPS. The company's revenue was down 14.6% on a year-over-year basis. Equities analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were paid a $0.075 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. Peabody Energy's dividend payout ratio is presently 29.13%.

Analyst Upgrades and Downgrades

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

Peabody Energy Company 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.

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