Peabody Energy Co. (NYSE:BTU) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC grew its stake in shares of Peabody Energy Co. (NYSE:BTU) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,958 shares of the coal producer’s stock after purchasing an additional 1,874 shares during the quarter. NewEdge Advisors LLC’s holdings in Peabody Energy were worth $481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. grew its position in Peabody Energy by 6.0% during the 4th quarter. American Century Companies Inc. now owns 3,785,337 shares of the coal producer’s stock worth $79,265,000 after purchasing an additional 215,614 shares during the last quarter. Bank of New York Mellon Corp grew its position in Peabody Energy by 9.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,422,400 shares of the coal producer’s stock worth $29,785,000 after purchasing an additional 125,372 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Peabody Energy by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,400,044 shares of the coal producer’s stock worth $29,317,000 after purchasing an additional 11,363 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Peabody Energy by 113.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,350,855 shares of the coal producer’s stock worth $28,287,000 after purchasing an additional 718,274 shares during the last quarter. Finally, Invesco Ltd. grew its position in Peabody Energy by 26.5% during the 4th quarter. Invesco Ltd. now owns 788,426 shares of the coal producer’s stock worth $16,510,000 after purchasing an additional 164,987 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Stock Performance

Shares of NYSE BTU opened at $12.58 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.68 and a debt-to-equity ratio of 0.27. Peabody Energy Co. has a 12 month low of $9.61 and a 12 month high of $29.94. The company has a 50 day simple moving average of $13.05 and a two-hundred day simple moving average of $18.86. 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 (NYSE:BTU) last posted its earnings results on Thursday, February 6th. The coal producer reported $0.28 earnings per share (EPS) 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 predict that Peabody Energy Co. will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

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

Analyst Ratings Changes

BTU has been the topic of several research analyst reports. Benchmark dropped their target price on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. B. Riley decreased their price objective 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. Finally, Jefferies Financial Group decreased their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Peabody Energy Profile

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.