Peabody Energy (NYSE:BTU) Trading Down 3.9% - Here's What Happened

Shares of Peabody Energy Corporation (NYSE:BTU - Get Free Report) traded down 3.9% during mid-day trading on Tuesday . The company traded as low as $12.80 and last traded at $12.83. 3,136,407 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 4,599,109 shares. The stock had previously closed at $13.35.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BTU shares. Benchmark decreased their price objective on Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. B. Riley decreased their price objective on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Peabody Energy Stock Down 0.7%

The stock has a market cap of $1.55 billion, a PE ratio of 4.74 and a beta of 0.53. The firm has a fifty day moving average of $13.54 and a 200 day moving average of $15.35. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.20. The firm had revenue of $937.00 million for the quarter, compared to analyst estimates of $976.57 million. Peabody Energy had a return on equity of 10.05% and a net margin of 8.73%. The business's revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. On average, equities research analysts anticipate 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 was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.36%. Peabody Energy's payout ratio is 11.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Voya Investment Management LLC grew its stake in Peabody Energy by 9.0% in the 1st quarter. Voya Investment Management LLC now owns 57,531 shares of the coal producer's stock worth $780,000 after acquiring an additional 4,727 shares during the period. Drummond Knight Asset Management Pty Ltd purchased a new stake in Peabody Energy in the 1st quarter worth approximately $9,196,000. Strs Ohio purchased a new stake in Peabody Energy in the 1st quarter worth approximately $377,000. Empowered Funds LLC purchased a new stake in Peabody Energy in the 1st quarter worth approximately $3,934,000. Finally, Caxton Associates LLP purchased a new stake in Peabody Energy in the 1st quarter worth approximately $402,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

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.