Louisiana State Employees Retirement System Invests $1.78 Million in Peabody Energy Corporation $BTU

Louisiana State Employees Retirement System purchased a new stake in shares of Peabody Energy Corporation (NYSE:BTUFree Report) during the 1st quarter, Holdings Channel reports. The fund purchased 53,900 shares of the coal producer’s stock, valued at approximately $1,776,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Peabody Energy by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer’s stock worth $449,512,000 after purchasing an additional 1,191,438 shares during the last quarter. State Street Corp lifted its position in Peabody Energy by 3.3% during the 4th quarter. State Street Corp now owns 9,532,978 shares of the coal producer’s stock valued at $283,129,000 after purchasing an additional 306,187 shares during the period. American Century Companies Inc. boosted its stake in shares of Peabody Energy by 8.7% in the 3rd quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer’s stock valued at $117,363,000 after purchasing an additional 354,099 shares during the last quarter. Progeny 3 Inc. boosted its stake in shares of Peabody Energy by 0.5% in 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Peabody Energy during the 4th quarter worth approximately $90,603,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BTU has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Zacks Research lowered shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. B. Riley Financial cut shares of Peabody Energy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $30.00 in a research report on Thursday, April 30th. Finally, UBS Group cut their price target on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Peabody Energy presently has a consensus rating of “Hold” and a consensus price target of $34.12.

View Our Latest Stock Analysis on Peabody Energy

Peabody Energy Trading Down 0.7%

BTU opened at $23.12 on Wednesday. The firm’s fifty day moving average is $25.81 and its two-hundred day moving average is $30.68. The firm has a market cap of $2.82 billion, a PE ratio of -23.35 and a beta of 0.36. Peabody Energy Corporation has a twelve month low of $12.77 and a twelve month high of $41.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 1.87.

Peabody Energy (NYSE:BTUGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.40). Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The firm had revenue of $973.30 million during the quarter, compared to analyst estimates of $977.42 million. During the same period last year, the firm earned $0.27 EPS. Peabody Energy’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts anticipate that Peabody Energy Corporation will post 0.48 EPS for the current year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Peabody Energy’s payout ratio is presently -30.30%.

Peabody Energy News Roundup

Here are the key news stories impacting Peabody Energy this week:

Peabody Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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