Cresset Asset Management LLC Has $1.95 Million Stock Position in Peabody Energy Co. (NYSE:BTU)

Cresset Asset Management LLC boosted its stake in shares of Peabody Energy Co. (NYSE:BTU) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 93,047 shares of the coal producer’s stock after buying an additional 3,214 shares during the quarter. Cresset Asset Management LLC’s holdings in Peabody Energy were worth $1,948,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Peabody Energy by 167.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer’s stock valued at $25,000 after buying an additional 744 shares during the last quarter. Quarry LP acquired a new stake in Peabody Energy in the fourth quarter valued at $26,000. Byrne Asset Management LLC grew its position in shares of Peabody Energy by 63.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer’s stock valued at $37,000 after acquiring an additional 680 shares during the period. Altshuler Shaham Ltd increased its stake in shares of Peabody Energy by 45.0% during the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer’s stock worth $61,000 after purchasing an additional 900 shares during the last quarter. Finally, Natixis bought a new stake in shares of Peabody Energy in the 4th quarter valued at about $67,000. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Stock Up 0.5 %

Peabody Energy stock opened at $14.23 on Friday. Peabody Energy Co. has a twelve month low of $9.61 and a twelve month high of $29.94. The stock has a market cap of $1.73 billion, a P/E ratio of 5.27 and a beta of 0.49. The company’s 50-day moving average price is $12.94 and its two-hundred day moving average price is $18.22. The company has a quick ratio of 1.68, a current ratio of 2.15 and a debt-to-equity ratio of 0.27.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.20. Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. The business had revenue of $937.00 million during the quarter, compared to analysts’ expectations of $976.57 million. During the same period last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts expect that Peabody Energy Co. will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 15th will be paid a $0.075 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. Peabody Energy’s dividend payout ratio (DPR) is presently 11.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Benchmark lowered their price target on Peabody Energy from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday. B. Riley decreased their target price on Peabody Energy from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 11th.

Peabody Energy Company 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.