Peabody Energy (NYSE:BTU) Trading Down 3.9% - What's Next?

Peabody Energy Corporation (NYSE:BTU - Get Free Report) fell 3.9% 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.

Analyst Ratings Changes

BTU has been the topic of several research analyst reports. Benchmark dropped 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 target price on Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.

Peabody Energy Trading Down 3.4%

The company has a 50 day simple moving average of $13.52 and a 200 day simple moving average of $15.52. The company has a market capitalization of $1.57 billion, a PE ratio of 4.81 and a beta of 0.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.77 and a current ratio of 2.36.

Peabody Energy (NYSE:BTU - Get Free Report) last issued 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. Peabody Energy had a return on equity of 10.05% and a net margin of 8.73%. The firm had revenue of $937.00 million for the quarter, compared to analyst estimates of $976.57 million. During the same period in the previous year, the company posted $0.30 earnings per share. The business's revenue was down 4.7% on a year-over-year basis. Analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, May 15th. Peabody Energy's dividend payout ratio (DPR) is 11.19%.

Institutional Trading of Peabody Energy

Large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in Peabody Energy by 2.4% in the 4th quarter. Rhumbline Advisers now owns 327,601 shares of the coal producer's stock worth $6,860,000 after purchasing an additional 7,586 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Peabody Energy by 15.7% during the fourth quarter. Sanctuary Advisors LLC now owns 43,766 shares of the coal producer's stock worth $916,000 after buying an additional 5,940 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Peabody Energy by 47.8% during the fourth quarter. CIBC Asset Management Inc now owns 12,135 shares of the coal producer's stock worth $254,000 after buying an additional 3,927 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Peabody Energy in the 4th quarter valued at $391,000. Finally, Bank of New York Mellon Corp grew its holdings in Peabody Energy by 9.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,422,400 shares of the coal producer's stock valued at $29,785,000 after buying an additional 125,372 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

About Peabody Energy

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.

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