Vista Investment Partners LLC boosted its stake in Peabody Energy Corporation (NYSE:BTU - Free Report) by 86.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,735 shares of the coal producer's stock after acquiring an additional 15,603 shares during the quarter. Vista Investment Partners LLC's holdings in Peabody Energy were worth $453,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in BTU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Peabody Energy by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,993 shares of the coal producer's stock valued at $1,508,000 after purchasing an additional 2,737 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Peabody Energy by 44.2% in the 4th quarter. ProShare Advisors LLC now owns 38,027 shares of the coal producer's stock valued at $796,000 after purchasing an additional 11,647 shares in the last quarter. Vident Advisory LLC raised its position in shares of Peabody Energy by 187.6% in the 4th quarter. Vident Advisory LLC now owns 35,081 shares of the coal producer's stock valued at $735,000 after purchasing an additional 22,884 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Peabody Energy by 11.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,948 shares of the coal producer's stock valued at $3,412,000 after purchasing an additional 17,335 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Peabody Energy in the 4th quarter valued at approximately $1,742,000. 87.44% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. B. Riley lifted their price objective on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Wall Street Zen lowered Peabody Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, UBS Group increased their target price on Peabody Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.20.
Get Our Latest Stock Report on BTU
Peabody Energy Stock Performance
Shares of BTU stock traded up $0.02 during trading on Monday, reaching $22.74. The company had a trading volume of 1,718,517 shares, compared to its average volume of 4,717,042. The firm's 50 day simple moving average is $17.35 and its two-hundred day simple moving average is $14.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $29.94. The company has a market capitalization of $2.77 billion, a PE ratio of 22.11 and a beta of 0.64.
Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $890.10 million during 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 was down 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 earnings per share. Sell-side analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current year.
Peabody Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 14th. Peabody Energy's payout ratio is currently 29.13%.
Peabody Energy Company Profile
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Free Report)
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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