Marnell Management LLC Purchases New Shares in Peabody Energy Corporation $BTU

Marnell Management LLC purchased a new stake in Peabody Energy Corporation (NYSE:BTU) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 22,757 shares of the coal producer’s stock, valued at approximately $676,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake 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 boosted its stake 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 worth $283,129,000 after purchasing an additional 306,187 shares during the last quarter. American Century Companies Inc. boosted its stake in Peabody Energy by 8.7% during the 3rd quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer’s stock worth $117,363,000 after purchasing an additional 354,099 shares during the last quarter. Progeny 3 Inc. boosted its stake in Peabody Energy by 0.5% during the 2nd quarter. Progeny 3 Inc. now owns 3,916,934 shares of the coal producer’s stock worth $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 Peabody Energy during the 4th quarter worth $90,603,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

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

Peabody Energy Stock Down 0.3%

Shares of BTU opened at $27.32 on Monday. The firm has a market cap of $3.33 billion, a P/E ratio of -27.59 and a beta of 0.36. Peabody Energy Corporation has a 12-month low of $12.58 and a 12-month high of $41.14. The company’s 50-day moving average price is $27.07 and its 200 day moving average price is $30.98. 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 issued its quarterly earnings data 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). The company had revenue of $973.30 million during the quarter, compared to analysts’ expectations of $977.42 million. Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. On average, sell-side analysts forecast that Peabody Energy Corporation will post 0.48 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 19th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, May 19th. Peabody Energy’s payout ratio is -30.30%.

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.