Deltec Asset Management LLC Acquires Shares of 121,426 Peabody Energy Corporation $BTU

Deltec Asset Management LLC acquired a new stake in Peabody Energy Corporation (NYSE:BTU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 121,426 shares of the coal producer’s stock, valued at approximately $3,220,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in Peabody Energy by 19.3% during the second quarter. State Street Corp now owns 9,208,031 shares of the coal producer’s stock valued at $123,572,000 after acquiring an additional 1,487,531 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Peabody Energy by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 4,071,360 shares of the coal producer’s stock worth $54,638,000 after purchasing an additional 212,583 shares during the period. Progeny 3 Inc. increased its holdings in shares of Peabody Energy by 0.5% during the 2nd quarter. Progeny 3 Inc. now owns 3,916,934 shares of the coal producer’s stock valued at $52,565,000 after purchasing an additional 18,920 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Peabody Energy by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,009,472 shares of the coal producer’s stock valued at $40,395,000 after purchasing an additional 40,785 shares in the last quarter. Finally, Sourcerock Group LLC acquired a new position in shares of Peabody Energy in the 2nd quarter valued at $28,092,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Stock Up 2.9%

NYSE BTU opened at $33.77 on Friday. The business’s fifty day simple moving average is $29.28 and its 200-day simple moving average is $23.68. The company has a quick ratio of 1.49, a current ratio of 1.99 and a debt-to-equity ratio of 0.09. The firm has a market cap of $4.11 billion, a PE ratio of -116.43 and a beta of 0.41. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $35.99.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, October 30th. The coal producer reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.39). Peabody Energy had a negative return on equity of 0.25% and a negative net margin of 0.83%.The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $990.20 million. During the same quarter in the previous year, the business posted $0.74 earnings per share. Peabody Energy’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, November 13th. Peabody Energy’s payout ratio is presently -103.45%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Peabody Energy in a research report on Monday, December 29th. Benchmark increased their price objective on shares of Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a report on Friday, October 31st. Zacks Research upgraded Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. UBS Group upped their price objective on shares of Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Wall Street Zen downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a report on Sunday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Peabody Energy has a consensus rating of “Hold” and a consensus price target of $28.33.

Peabody Energy Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.