J. Goldman & Co LP Invests $3.94 Million in Peabody Energy Co. (NYSE:BTU)

J. Goldman & Co LP purchased a new position in shares of Peabody Energy Co. (NYSE:BTU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 188,256 shares of the coal producer's stock, valued at approximately $3,942,000. J. Goldman & Co LP owned approximately 0.15% of Peabody Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Peabody Energy by 167.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock worth $25,000 after buying an additional 744 shares during the last quarter. Quarry LP purchased a new position in shares of Peabody Energy in the 4th quarter worth about $26,000. Byrne Asset Management LLC boosted its holdings in shares of Peabody Energy by 63.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock worth $37,000 after buying an additional 680 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in shares of Peabody Energy by 45.0% in the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock worth $61,000 after buying an additional 900 shares during the last quarter. Finally, Natixis bought a new stake in Peabody Energy in the 4th quarter valued at about $67,000. 87.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. B. Riley lowered their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Benchmark lowered their price objective on Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th.

Peabody Energy Stock Performance

Peabody Energy stock traded up $0.44 during midday trading on Friday, reaching $14.75. The stock had a trading volume of 4,579,715 shares, compared to its average volume of 3,423,917. The firm's 50-day moving average price is $13.11 and its 200 day moving average price is $17.83. Peabody Energy Co. has a 12 month low of $9.61 and a 12 month high of $29.94. The firm has a market capitalization of $1.79 billion, a PE ratio of 5.46 and a beta of 0.49. The company has a quick ratio of 1.68, a current ratio of 2.15 and a debt-to-equity ratio of 0.27.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.20. Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. The firm had revenue of $937.00 million for the quarter, compared to analysts' expectations of $976.57 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company's revenue was down 4.7% on a year-over-year basis. As a group, research analysts predict that Peabody Energy Co. will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 15th. Peabody Energy's dividend payout ratio is presently 11.19%.

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.