Y Intercept Hong Kong Ltd Takes $336,000 Position in Peabody Energy Corporation (NYSE:BTU)

Key Points

• Y Intercept Hong Kong Ltd has acquired a new position in Peabody Energy Corporation, purchasing 24,807 shares valued at approximately $336,000 in the first quarter.
• Peabody Energy reported an earnings per share of $0.27 for the last quarter, exceeding analysts' predictions, but its revenue declined 4.7% compared to the previous year.
• The company's latest quarterly dividend was $0.075 per share, resulting in an annualized dividend yield of 1.87% and a payout ratio of 11.19%.

Y Intercept Hong Kong Ltd purchased a new position in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,807 shares of the coal producer's stock, valued at approximately $336,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Peabody Energy in the fourth quarter valued at about $337,000. Brandywine Global Investment Management LLC grew its holdings in Peabody Energy by 0.6% during the fourth quarter. Brandywine Global Investment Management LLC now owns 412,461 shares of the coal producer's stock worth $8,637,000 after acquiring an additional 2,597 shares during the period. Franklin Resources Inc. raised its position in Peabody Energy by 6.8% in the fourth quarter. Franklin Resources Inc. now owns 187,353 shares of the coal producer's stock worth $3,923,000 after acquiring an additional 11,929 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in Peabody Energy in the fourth quarter valued at $8,565,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Peabody Energy during the 4th quarter worth $314,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BTU has been the topic of a number of research analyst reports. Benchmark decreased their price objective 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. UBS Group assumed coverage on Peabody Energy in a research note on Tuesday, July 15th. They set a "neutral" rating and a $14.00 price target on the stock. Finally, B. Riley reduced their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.60.

Peabody Energy Trading Down 3.8%

NYSE:BTU traded down $0.61 on Wednesday, reaching $15.47. The stock had a trading volume of 5,162,385 shares, compared to its average volume of 5,122,753. Peabody Energy Corporation has a 12-month low of $9.61 and a 12-month high of $29.94. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 5.77 and a beta of 0.52. The firm's fifty day moving average is $14.29 and its two-hundred day moving average is $14.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.77.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Equities analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, May 15th. Peabody Energy's payout ratio is 11.19%.

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.