Peabody Energy Corporation to Issue Quarterly Dividend of $0.07 (NYSE:BTU)

Peabody Energy Corporation (NYSE:BTU) announced a quarterly dividend on Wednesday, July 29th. Stockholders 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) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 12th.

Peabody Energy has a dividend payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Peabody Energy to earn $3.36 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 8.9%.

Peabody Energy Stock Down 9.7%

Shares of NYSE:BTU traded down $2.26 during midday trading on Wednesday, reaching $20.98. 7,279,049 shares of the company were exchanged, compared to its average volume of 3,323,215. Peabody Energy has a fifty-two week low of $14.25 and a fifty-two week high of $41.14. The company has a quick ratio of 1.37, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $24.85 and a two-hundred day simple moving average of $29.68. The firm has a market cap of $2.55 billion, a PE ratio of -21.19 and a beta of 0.38.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, July 29th. The coal producer reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.43). Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. As a group, sell-side analysts forecast that Peabody Energy will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Peabody Energy

Large investors have recently modified their holdings of the business. Valued Wealth Advisors LLC bought a new stake in Peabody Energy in the first quarter valued at approximately $25,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 acquiring an additional 1,024 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Peabody Energy during the 4th quarter worth approximately $37,000. Meeder Asset Management Inc. increased its holdings in shares of Peabody Energy by 1,513.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer’s stock worth $39,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in Peabody Energy in the 1st quarter valued at $50,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

About Peabody Energy

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.