Boston Partners Raises Stock Position in Peabody Energy Co. (NYSE:BTU)

Boston Partners grew its holdings in Peabody Energy Co. (NYSE:BTUFree Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,729,856 shares of the coal producer’s stock after acquiring an additional 437,585 shares during the period. Boston Partners owned about 5.13% of Peabody Energy worth $163,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BTU. EverSource Wealth Advisors LLC lifted its stake in Peabody Energy by 84.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock worth $32,000 after purchasing an additional 568 shares in the last quarter. Federated Hermes Inc. boosted its stake in Peabody Energy by 17,075.0% during the third quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer’s stock valued at $36,000 after buying an additional 1,366 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Peabody Energy in the 4th quarter worth approximately $36,000. Quantbot Technologies LP bought a new position in shares of Peabody Energy during the 3rd quarter valued at approximately $70,000. Finally, Byrne Asset Management LLC increased its position in Peabody Energy by 20.6% in the fourth quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer’s stock worth $92,000 after purchasing an additional 630 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Trading Up 2.0 %

BTU opened at $22.32 on Tuesday. Peabody Energy Co. has a one year low of $17.71 and a one year high of $27.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.36. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 6.22 and a beta of 1.01. The stock’s 50 day moving average price is $23.84 and its 200-day moving average price is $24.23.

Peabody Energy (NYSE:BTUGet Free Report) last released its earnings results on Thursday, May 2nd. The coal producer reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The business had revenue of $983.60 million for the quarter, compared to analyst estimates of $980.03 million. Peabody Energy had a return on equity of 14.98% and a net margin of 11.62%. The business’s revenue was down 27.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.69 earnings per share. On average, equities analysts forecast that Peabody Energy Co. will post 2.22 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be given a $0.075 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.30 annualized dividend and a yield of 1.34%. Peabody Energy’s dividend payout ratio (DPR) is 8.36%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BMO Capital Markets dropped their price target on Peabody Energy from $25.00 to $24.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd. B. Riley cut their target price on Peabody Energy from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Finally, Benchmark restated a “buy” rating and issued a $28.00 price target on shares of Peabody Energy in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Peabody Energy has an average rating of “Moderate Buy” and a consensus target price of $28.25.

Get Our Latest Stock Analysis on BTU

Insider Activity

In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total transaction of $167,714.82. Following the transaction, the chief financial officer now directly owns 75,464 shares in the company, valued at approximately $1,854,150.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

Peabody Energy Profile

(Free Report)

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.

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

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