Hosking Partners LLP Has $10.19 Million Position in Peabody Energy Corporation $BTU

Hosking Partners LLP lessened its position in Peabody Energy Corporation (NYSE:BTU) by 42.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 384,051 shares of the coal producer’s stock after selling 278,306 shares during the period. Hosking Partners LLP’s holdings in Peabody Energy were worth $10,185,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BTU. AQR Capital Management LLC increased its position in shares of Peabody Energy by 698.4% in the 1st quarter. AQR Capital Management LLC now owns 738,425 shares of the coal producer’s stock valued at $10,006,000 after buying an additional 645,934 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Peabody Energy by 1.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock valued at $985,000 after acquiring an additional 700 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Peabody Energy by 45.3% in the first quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer’s stock worth $452,000 after acquiring an additional 10,401 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Peabody Energy during the first quarter worth about $261,000. Finally, Caxton Associates LLP bought a new position in shares of Peabody Energy during the 1st quarter valued at about $402,000. 87.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BTU shares. Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Peabody Energy in a report on Monday, December 29th. Zacks Research upgraded Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Benchmark lifted their price target on Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, UBS Group upped their price objective on Peabody Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Peabody Energy has an average rating of “Hold” and a consensus price target of $28.33.

Peabody Energy Trading Down 0.5%

Shares of NYSE:BTU opened at $32.11 on Thursday. The company’s 50-day moving average price is $29.02 and its two-hundred day moving average price is $23.39. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $35.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.99 and a quick ratio of 1.49. The stock has a market capitalization of $3.90 billion, a PE ratio of -110.72 and a beta of 0.41.

Peabody Energy (NYSE:BTU) last released its earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $990.20 million. Peabody Energy had a negative return on equity of 0.25% and a negative net margin of 0.83%.The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. On average, equities analysts forecast that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. Peabody Energy’s dividend payout ratio (DPR) is currently -103.45%.

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.