Quantedge Capital Pte Ltd bought a new position in shares of Peabody Energy Co. (NYSE:BTU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,300 shares of the coal producer's stock, valued at approximately $1,179,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Peabody Energy by 323.5% in the 3rd quarter. Barclays PLC now owns 248,891 shares of the coal producer's stock valued at $6,605,000 after purchasing an additional 190,120 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Peabody Energy by 79.2% in the 3rd quarter. Franklin Resources Inc. now owns 175,424 shares of the coal producer's stock worth $4,693,000 after acquiring an additional 77,525 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Peabody Energy in the 4th quarter worth about $194,000. Assenagon Asset Management S.A. raised its position in shares of Peabody Energy by 113.5% in 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 in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Peabody Energy by 7.5% in the 4th quarter. SG Americas Securities LLC now owns 16,514 shares of the coal producer's stock worth $346,000 after acquiring an additional 1,151 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
BTU has been the subject of several research analyst reports. B. Riley decreased 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 note on Friday, April 11th. Benchmark decreased their price target on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th.
Get Our Latest Stock Report on Peabody Energy
Peabody Energy Stock Down 4.7%
Shares of NYSE:BTU opened at $14.56 on Thursday. The company has a market capitalization of $1.77 billion, a PE ratio of 5.39 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68. The business has a fifty day moving average price of $13.07 and a two-hundred day moving average price of $18.02. Peabody Energy Co. has a 1 year low of $9.61 and a 1 year high of $29.94.
Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.20. The firm had revenue of $937.00 million during the quarter, compared to the consensus estimate of $976.57 million. Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. 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 earned $0.30 EPS. Analysts forecast that Peabody Energy Co. will post 2.61 earnings per share for the current year.
Peabody Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.30 annualized dividend and a dividend yield of 2.06%. Peabody Energy's payout ratio is 11.19%.
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.
See Also
Want to see what other hedge funds are holding BTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peabody Energy Co. (NYSE:BTU - Free Report).
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