Peabody Energy Corporation (BTU) To Go Ex-Dividend on August 12th

Peabody Energy Corporation (NYSE:BTU) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Wednesday, August 12th will be paid a dividend of 0.075 per share by the coal producer on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, August 12th.

Peabody Energy has a payout ratio of 10.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Peabody Energy to earn $3.01 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.0%.

Peabody Energy Stock Performance

Shares of Peabody Energy stock opened at $23.80 on Monday. The company has a market cap of $2.90 billion, a PE ratio of -15.87 and a beta of 0.34. Peabody Energy has a 52 week low of $15.67 and a 52 week high of $41.14. The business has a 50 day moving average price of $24.29 and a 200-day moving average price of $28.97. The company has a quick ratio of 1.46, a current ratio of 2.01 and a debt-to-equity ratio of 0.10.

Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, July 29th. The coal producer reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.36). Peabody Energy had a negative net margin of 4.56% and a negative return on equity of 5.22%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm earned ($0.23) EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts anticipate that Peabody Energy will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Peabody Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTU. Massachusetts Financial Services Co. MA purchased a new position in shares of Peabody Energy during the 4th quarter valued at $90,603,000. State of New Jersey Common Pension Fund D bought a new position in shares of Peabody Energy in the fourth quarter worth $2,219,000. Louisiana State Employees Retirement System purchased a new stake in shares of Peabody Energy in the first quarter worth $1,776,000. Phoenix Financial Ltd. purchased a new stake in shares of Peabody Energy in the fourth quarter worth $38,125,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Peabody Energy by 82.7% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 103,501 shares of the coal producer’s stock valued at $3,074,000 after buying an additional 46,843 shares during the period. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Company 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.