Cambridge Investment Research Advisors Inc. increased its stake in shares of Peabody Energy Co. (NYSE:BTU – Free Report) by 59.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,277 shares of the coal producer’s stock after buying an additional 33,655 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.06% of Peabody Energy worth $2,311,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbour Investments Inc. boosted its stake in shares of Peabody Energy by 323.1% in the 4th quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock valued at $29,000 after purchasing an additional 840 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Peabody Energy during the 1st quarter worth approximately $32,000. Macquarie Group Ltd. bought a new position in Peabody Energy during the 2nd quarter worth approximately $33,000. Park Place Capital Corp bought a new position in Peabody Energy during the 1st quarter worth approximately $34,000. Finally, Tucker Asset Management LLC bought a new position in Peabody Energy during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 82.33% of the company’s stock.
Peabody Energy Price Performance
NYSE BTU opened at $22.34 on Monday. The company has a quick ratio of 1.82, a current ratio of 2.17 and a debt-to-equity ratio of 0.09. Peabody Energy Co. has a 12-month low of $17.71 and a 12-month high of $32.89. The company has a market capitalization of $2.97 billion, a PE ratio of 2.46 and a beta of 1.07. The firm’s 50 day moving average is $21.85 and its 200-day moving average is $22.86.
Peabody Energy (NYSE:BTU – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The coal producer reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.38). Peabody Energy had a net margin of 25.97% and a return on equity of 35.81%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $2.67 earnings per share. Peabody Energy’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Peabody Energy Co. will post 4.62 earnings per share for the current fiscal year.
Peabody Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.34%. Peabody Energy’s dividend payout ratio (DPR) is presently 3.30%.
Wall Street Analyst Weigh In
Several analysts have commented on BTU shares. TheStreet upgraded shares of Peabody Energy from a “c” rating to a “b-” rating in a report on Thursday, July 27th. B. Riley dropped their target price on shares of Peabody Energy from $27.00 to $25.00 in a report on Friday, July 28th.
Read Our Latest Research Report on BTU
Peabody Energy Company Profile
(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, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.
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