Wealth High Governance Asset Management Ltda. purchased a new stake in Peabody Energy Corporation (NYSE:BTU – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 89,798 shares of the coal producer’s stock, valued at approximately $2,959,000.
Other hedge funds have also modified their holdings of the company. Valued Wealth Advisors LLC acquired a new stake in shares of Peabody Energy during the 1st quarter worth about $25,000. Meeder Asset Management Inc. lifted its position in Peabody Energy by 1,513.7% in the first quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer’s stock valued at $39,000 after buying an additional 1,105 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Peabody Energy in the fourth quarter valued at about $37,000. Main Street Group LTD purchased a new position in Peabody Energy during the first quarter worth about $50,000. Finally, Basepoint Wealth LLC purchased a new position in Peabody Energy during the fourth quarter worth about $57,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
Key Peabody Energy News
Here are the key news stories impacting Peabody Energy this week:
- Positive Sentiment: Benchmark maintained a Buy rating while lowering its price target from $40 to $36, still implying substantial potential upside from recent trading levels. Benzinga analyst price-target report
- Positive Sentiment: Peabody declared a quarterly dividend of $0.075 per share, payable September 3 to shareholders of record August 12. The dividend provides some income support, although the indicated yield is modest. Peabody dividend and stock information
- Neutral Sentiment: B. Riley lowered its price target from $30 to $29 and retained a Neutral rating, signaling that analysts continue to see value but have reduced expectations. B. Riley analyst price-target report
- Negative Sentiment: Peabody reported second-quarter EPS of -$0.74, missing the consensus estimate of -$0.31, while revenue of approximately $1.0 billion was below the $1.02 billion forecast. The company also issued lower metallurgical coal volume expectations, intensifying concerns about operating performance. Peabody second-quarter earnings report
- Negative Sentiment: Several law firms announced or promoted a securities class action and investigations alleging that Peabody misled investors about the operational status and production capabilities of its Centurion underground metallurgical coal mine in Queensland, Australia. The allegations have not been proven, but the litigation creates legal, financial and reputational risks. Investors who purchased shares during the October 14, 2024–May 4, 2026 class period face an August 24, 2026 lead-plaintiff deadline. Hagens Berman Peabody investigation
Peabody Energy Stock Down 0.3%
Peabody Energy (NYSE:BTU – Get Free Report) last released its earnings results on Wednesday, July 29th. The coal producer reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.36). Peabody Energy had a negative return on equity of 5.22% and a negative net margin of 4.56%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned ($0.23) earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts predict that Peabody Energy Corporation will post 0.33 EPS for the current fiscal year.
Peabody Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.4%. Peabody Energy’s payout ratio is currently -20.00%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Benchmark lowered their price objective on shares of Peabody Energy from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Research upgraded shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, B. Riley Financial cut their target price on Peabody Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.88.
Read Our Latest Stock Analysis on BTU
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.
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