HC Advisors LLC Purchases New Shares in Peabody Energy Corporation $BTU

HC Advisors LLC acquired a new position in shares of Peabody Energy Corporation (NYSE:BTU) in the second quarter, Holdings Channel.com reports. The firm acquired 53,431 shares of the coal producer’s stock, valued at approximately $717,000. Peabody Energy comprises 0.5% of HC Advisors LLC’s investment portfolio, making the stock its 27th largest position.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its stake in shares of Peabody Energy by 315.0% during the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer’s stock worth $27,000 after purchasing an additional 1,613 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Peabody Energy by 57.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock worth $30,000 after buying an additional 816 shares during the last quarter. Signaturefd LLC increased its stake in Peabody Energy by 48.5% during the 2nd quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock worth $32,000 after buying an additional 768 shares in the last quarter. GAMMA Investing LLC increased its stake in Peabody Energy by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,886 shares of the coal producer’s stock worth $52,000 after buying an additional 1,533 shares in the last quarter. Finally, Byrne Asset Management LLC raised its holdings in shares of Peabody Energy by 27.2% during the second quarter. Byrne Asset Management LLC now owns 4,129 shares of the coal producer’s stock valued at $55,000 after acquiring an additional 884 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. B. Riley lifted their price target on Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Peabody Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Peabody Energy in a research note on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of Peabody Energy from $17.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Peabody Energy currently has an average rating of “Hold” and a consensus target price of $27.00.

Peabody Energy Stock Up 2.3%

NYSE BTU opened at $30.39 on Friday. The business’s fifty day simple moving average is $26.14 and its 200-day simple moving average is $18.77. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.70 billion, a PE ratio of 29.51 and a beta of 0.50. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $35.99.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, October 30th. The coal producer reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $990.20 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. As a group, equities analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, November 13th. Peabody Energy’s payout ratio is presently -103.45%.

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.