Quantedge Capital Pte Ltd Takes $1.18 Million Position in Peabody Energy Co. (NYSE:BTU)

Quantedge Capital Pte Ltd bought a new position in Peabody Energy Co. (NYSE:BTU - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,300 shares of the coal producer's stock, valued at approximately $1,179,000.

Several other institutional investors have also added to or reduced their stakes in BTU. Barclays PLC increased its holdings in shares of Peabody Energy by 323.5% in the 3rd quarter. Barclays PLC now owns 248,891 shares of the coal producer's stock worth $6,605,000 after buying an additional 190,120 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Peabody Energy by 79.2% in the third quarter. Franklin Resources Inc. now owns 175,424 shares of the coal producer's stock worth $4,693,000 after buying an additional 77,525 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Peabody Energy in the fourth quarter worth approximately $194,000. Assenagon Asset Management S.A. lifted its stake in shares of Peabody Energy by 113.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,350,855 shares of the coal producer's stock worth $28,287,000 after acquiring an additional 718,274 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Peabody Energy by 7.5% during the 4th quarter. SG Americas Securities LLC now owns 16,514 shares of the coal producer's stock valued at $346,000 after acquiring an additional 1,151 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Peabody Energy Stock Performance

NYSE BTU traded down $0.15 during mid-day trading on Tuesday, reaching $13.93. 1,101,523 shares of the stock were exchanged, compared to its average volume of 3,420,138. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. Peabody Energy Co. has a 1 year low of $9.61 and a 1 year high of $29.94. The business's 50 day moving average is $13.14 and its 200-day moving average is $17.68. The company has a market capitalization of $1.69 billion, a P/E ratio of 5.16 and a beta of 0.49.

Peabody Energy (NYSE:BTU - Get Free Report) last posted 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. The business had revenue of $937.00 million during the quarter, compared to analysts' expectations of $976.57 million. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. 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 business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, May 15th. Peabody Energy's dividend payout ratio is currently 11.19%.

Wall Street Analyst Weigh In

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

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.