Oxford Asset Management LLP bought a new stake in shares of Peabody Energy Co. (NYSE:BTU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,766 shares of the coal producer's stock, valued at approximately $602,000.
Several other hedge funds have also recently made changes to their positions in BTU. Byrne Asset Management LLC grew its stake in 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 acquiring an additional 680 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Peabody Energy by 5.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 13,234 shares of the coal producer's stock worth $277,000 after acquiring an additional 693 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 744 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Peabody Energy by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,556 shares of the coal producer's stock worth $514,000 after acquiring an additional 885 shares in the last quarter. Finally, Altshuler Shaham Ltd grew its stake in 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 acquiring an additional 900 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
Peabody Energy Stock Down 3.6 %
Shares of BTU traded down $0.46 during mid-day trading on Wednesday, hitting $12.35. The company's stock had a trading volume of 3,534,163 shares, compared to its average volume of 3,263,509. The company's 50-day moving average is $13.00 and its 200-day moving average is $18.82. Peabody Energy Co. has a 52-week low of $9.61 and a 52-week high of $29.94. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 4.57 and a beta of 0.52. The company has a current ratio of 2.15, a quick ratio of 1.68 and a debt-to-equity ratio of 0.27.
Peabody Energy (NYSE:BTU - Get Free Report) last posted its earnings results on Thursday, February 6th. The coal producer reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. On average, equities research analysts forecast that Peabody Energy Co. will post 2.61 EPS for the current fiscal year.
Peabody Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 19th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.30 dividend on an annualized basis and a yield of 2.43%. Peabody Energy's payout ratio is 11.11%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Jefferies Financial Group dropped their target price on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Benchmark lowered their price target on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, B. Riley lowered their price target on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, April 11th.
View Our Latest Stock Analysis on BTU
About Peabody Energy
(
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.
Further Reading
Before you consider Peabody Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Peabody Energy wasn't on the list.
While Peabody Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
