PDT Partners LLC Purchases New Shares in Peabody Energy Co. (NYSE:BTU)

PDT Partners LLC purchased a new stake in shares of Peabody Energy Co. (NYSE:BTU) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 215,617 shares of the coal producer’s stock, valued at approximately $4,515,000. PDT Partners LLC owned approximately 0.18% of Peabody Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in shares of Peabody Energy by 144.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,951 shares of the coal producer’s stock valued at $83,000 after purchasing an additional 2,333 shares during the period. Rhumbline Advisers grew its stake in Peabody Energy by 2.4% in the 4th quarter. Rhumbline Advisers now owns 327,601 shares of the coal producer’s stock worth $6,860,000 after buying an additional 7,586 shares in the last quarter. Elevate Capital Advisors LLC purchased a new position in Peabody Energy in the 4th quarter worth approximately $1,889,000. Sanctuary Advisors LLC grew its stake in Peabody Energy by 15.7% in the 4th quarter. Sanctuary Advisors LLC now owns 43,766 shares of the coal producer’s stock worth $916,000 after buying an additional 5,940 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Peabody Energy by 52.1% in the 4th quarter. Vontobel Holding Ltd. now owns 57,800 shares of the coal producer’s stock worth $1,210,000 after buying an additional 19,800 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on BTU shares. B. Riley cut their price target on shares of Peabody Energy from $27.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Benchmark cut their target price on Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Jefferies Financial Group cut their target price on Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, January 6th.

Peabody Energy Stock Performance

Peabody Energy stock opened at $12.58 on Tuesday. The stock’s 50 day simple moving average is $13.05 and its two-hundred day simple moving average is $18.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 4.66 and a beta of 0.52. Peabody Energy Co. has a fifty-two week low of $9.61 and a fifty-two week high of $29.94.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Thursday, February 6th. The coal producer reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. As a group, analysts expect that Peabody Energy Co. will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 19th were given a $0.075 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.38%. Peabody Energy’s dividend payout ratio is currently 11.11%.

About Peabody Energy

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.