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Investors Buy High Volume of Call Options on Peabody Energy (NYSE:BTU)

Peabody Energy logo with Energy background

Peabody Energy Corporation (NYSE:BTU - Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders acquired 41,828 call options on the company. This represents an increase of approximately 165% compared to the typical daily volume of 15,755 call options.

Institutional Investors Weigh In On Peabody Energy

Several large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings in Peabody Energy by 167.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock valued at $25,000 after buying an additional 744 shares during the period. Quarry LP bought a new stake in Peabody Energy during the 4th quarter valued at $26,000. Allworth Financial LP boosted its position in Peabody Energy by 315.0% during the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock valued at $27,000 after acquiring an additional 1,613 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Peabody Energy by 70.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock valued at $42,000 after acquiring an additional 1,281 shares during the period. Finally, Byrne Asset Management LLC raised its position in shares of Peabody Energy by 84.9% in the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock worth $44,000 after acquiring an additional 1,490 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

Peabody Energy Stock Down 1.4%

NYSE BTU traded down $0.21 on Thursday, reaching $14.48. 3,359,010 shares of the stock traded hands, compared to its average volume of 3,628,614. Peabody Energy has a 12 month low of $9.61 and a 12 month high of $29.94. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 5.40 and a beta of 0.52. The company has a fifty day moving average price of $13.62 and a 200-day moving average price of $15.17. 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 announced its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $0.30 earnings per share. The business's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts forecast that Peabody Energy will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, May 15th. Peabody Energy's dividend payout ratio (DPR) is 11.19%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. B. Riley lowered their target price 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 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.

View Our Latest Report on Peabody Energy

About Peabody Energy

(Get 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.

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