XTX Topco Ltd Takes $607,000 Position in Peabody Energy Corporation (NYSE:BTU)

Key Points

• XTX Topco Ltd acquired a significant new position in Peabody Energy during the first quarter, purchasing 44,787 shares valued at approximately $607,000.
• Peabody Energy recently declared a quarterly dividend of $0.075 per share, representing an annualized yield of 1.7%.
• Analysts remain mixed on Peabody Energy's outlook, with target prices ranging from $14.00 to $23.00, while the consensus rating is a "Moderate Buy."

XTX Topco Ltd purchased a new position in Peabody Energy Corporation (NYSE:BTU - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 44,787 shares of the coal producer's stock, valued at approximately $607,000.

Other hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. increased its stake in shares of Peabody Energy by 5.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 13,234 shares of the coal producer's stock worth $277,000 after purchasing an additional 693 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Peabody Energy by 45.0% during the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock valued at $61,000 after purchasing an additional 900 shares in the last quarter. BOKF NA raised its holdings in shares of Peabody Energy by 5.0% during the 4th quarter. BOKF NA now owns 22,236 shares of the coal producer's stock valued at $466,000 after purchasing an additional 1,050 shares in the last quarter. Quarry LP bought a new position in shares of Peabody Energy during the 4th quarter valued at $26,000. Finally, Harbor Capital Advisors Inc. raised its holdings 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. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Stock Performance

NYSE:BTU traded up $0.20 during midday trading on Friday, reaching $17.23. The stock had a trading volume of 5,282,081 shares, compared to its average volume of 5,961,576. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $29.94. The firm's fifty day simple moving average is $14.72 and its 200-day simple moving average is $14.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The stock has a market capitalization of $2.10 billion, a P/E ratio of 16.73 and a beta of 0.53.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share (EPS) 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 firm had revenue of $890.10 million during the quarter, compared to analyst estimates of $944.27 million. During the same quarter in the previous year, the business posted $1.42 earnings per share. The business's quarterly revenue was down 14.6% compared to the same quarter last year. On average, equities research analysts forecast that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, August 14th. Peabody Energy's dividend payout ratio (DPR) is currently 29.13%.

Wall Street Analyst Weigh In

BTU has been the topic of a number of recent research reports. B. Riley cut their price target on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wall Street Zen downgraded shares of Peabody Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Benchmark cut their price target on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group initiated coverage on shares of Peabody Energy in a report on Tuesday, July 15th. They set a "neutral" rating and a $14.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Peabody Energy presently has a consensus rating of "Moderate Buy" and an average price target of $21.60.

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.