Intech Investment Management LLC Purchases 48,580 Shares of Peabody Energy Corporation $BTU

Intech Investment Management LLC raised its position in Peabody Energy Corporation (NYSE:BTU) by 143.5% in the 4th quarter, Holdings Channel reports. The firm owned 82,432 shares of the coal producer’s stock after buying an additional 48,580 shares during the period. Intech Investment Management LLC’s holdings in Peabody Energy were worth $2,448,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Peabody Energy by 104.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock valued at $25,000 after purchasing an additional 1,024 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Peabody Energy by 258.7% during the third quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock worth $43,000 after acquiring an additional 1,159 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Peabody Energy during the fourth quarter worth $59,000. Caitlin John LLC bought a new stake in shares of Peabody Energy during the third quarter worth $61,000. Finally, Jones Financial Companies Lllp increased its position in shares of Peabody Energy by 880.4% during the third quarter. Jones Financial Companies Lllp now owns 2,647 shares of the coal producer’s stock worth $65,000 after acquiring an additional 2,377 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BTU shares. UBS Group lowered their price objective on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. B. Riley Financial downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $42.00 to $30.00 in a research report on Thursday, April 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a research report on Wednesday, May 20th. Finally, Zacks Research downgraded shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.13.

Peabody Energy Stock Performance

Shares of BTU opened at $30.08 on Thursday. Peabody Energy Corporation has a 12 month low of $12.58 and a 12 month high of $41.14. The firm has a fifty day simple moving average of $28.26 and a 200 day simple moving average of $30.97. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of -30.39 and a beta of 0.36. The company has a current ratio of 1.87, a quick ratio of 1.37 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.40). The firm had revenue of $973.30 million during the quarter, compared to analyst estimates of $977.42 million. Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Research analysts forecast that Peabody Energy Corporation will post 0.48 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th will be paid a $0.075 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. Peabody Energy’s dividend payout ratio (DPR) is currently -30.30%.

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.