Phoenix Financial Ltd. Takes $38.13 Million Position in Peabody Energy Corporation $BTU

Phoenix Financial Ltd. acquired a new stake in Peabody Energy Corporation (NYSE:BTU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,283,673 shares of the coal producer’s stock, valued at approximately $38,125,000.

A number of other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in Peabody Energy by 104.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock worth $25,000 after purchasing an additional 1,024 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Peabody Energy by 763.4% in the third quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Peabody Energy by 258.7% in the third quarter. Hantz Financial Services Inc. now owns 1,607 shares of the coal producer’s stock worth $43,000 after buying an additional 1,159 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Peabody Energy during the fourth quarter worth $59,000. Finally, Caitlin John LLC purchased a new stake in shares of Peabody Energy during the third quarter valued at $61,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BTU shares. Weiss Ratings downgraded Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. UBS Group dropped their price target on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Zacks Research lowered Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Jefferies Financial Group raised their price objective on Peabody Energy from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.13.

Peabody Energy Trading Up 0.8%

Shares of Peabody Energy stock opened at $24.25 on Friday. The stock has a market cap of $2.95 billion, a PE ratio of -24.50 and a beta of 0.35. The firm has a fifty day moving average price of $30.73 and a 200 day moving average price of $31.23. Peabody Energy Corporation has a 1 year low of $12.58 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.37.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.40). The business had revenue of $973.30 million during the quarter, compared to analysts’ expectations of $977.42 million. Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. Peabody Energy’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. Equities research analysts predict that Peabody Energy Corporation will post 0.48 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 19th will be paid a $0.075 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.2%. Peabody Energy’s dividend payout ratio is presently -30.30%.

Peabody Energy 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.