Nwam LLC Takes $2.40 Million Position in Peabody Energy Corporation $BTU

Nwam LLC acquired a new position in Peabody Energy Corporation (NYSE:BTU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 84,882 shares of the coal producer’s stock, valued at approximately $2,404,000. Nwam LLC owned 0.07% of Peabody Energy at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Peabody Energy by 1.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock valued at $985,000 after purchasing an additional 700 shares during the period. NewEdge Advisors LLC grew its position in Peabody Energy by 45.3% during the first quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer’s stock valued at $452,000 after buying an additional 10,401 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Peabody Energy during the first quarter valued at approximately $261,000. Strs Ohio bought a new position in Peabody Energy in the first quarter worth approximately $377,000. Finally, Voya Investment Management LLC raised its position in Peabody Energy by 9.0% in the first quarter. Voya Investment Management LLC now owns 57,531 shares of the coal producer’s stock worth $780,000 after acquiring an additional 4,727 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Benchmark boosted their price objective on shares of Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Zacks Research raised Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. UBS Group raised their price objective on Peabody Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings raised Peabody Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Wall Street Zen lowered shares of Peabody Energy from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Peabody Energy presently has an average rating of “Hold” and a consensus price target of $28.33.

Peabody Energy Stock Down 0.1%

NYSE BTU opened at $36.01 on Friday. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $37.13. The company has a current ratio of 1.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.38 billion, a PE ratio of -124.17 and a beta of 0.41. The stock’s 50 day moving average is $29.72 and its 200 day moving average is $24.21.

Peabody Energy (NYSE:BTU) last released its earnings results on Thursday, October 30th. The coal producer reported ($0.58) 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $990.20 million. Peabody Energy’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS. Research analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Thursday, November 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. Peabody Energy’s dividend payout ratio (DPR) is presently -103.45%.

About Peabody Energy

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.