Susquehanna Advisors Group Inc. Purchases New Shares in Peabody Energy Corporation $BTU

Susquehanna Advisors Group Inc. acquired a new stake in shares of Peabody Energy Corporation (NYSE:BTU) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 46,750 shares of the coal producer’s stock, valued at approximately $1,081,000.

A number of other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 purchasing an additional 700 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Peabody Energy by 45.3% during the first quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer’s stock valued at $452,000 after purchasing an additional 10,401 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Peabody Energy during the first quarter worth about $261,000. First Trust Advisors LP boosted its holdings in Peabody Energy by 21.4% during the second quarter. First Trust Advisors LP now owns 291,577 shares of the coal producer’s stock worth $3,913,000 after purchasing an additional 51,384 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Peabody Energy by 742.1% in the 2nd quarter. Federated Hermes Inc. now owns 281,576 shares of the coal producer’s stock worth $3,779,000 after purchasing an additional 248,140 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on BTU. UBS Group decreased their price objective on shares of Peabody Energy from $27.00 to $26.50 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Benchmark cut their target price on Peabody Energy from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Zacks Research lowered Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. B. Riley Financial decreased their price target on Peabody Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings lowered Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Peabody Energy has an average rating of “Hold” and an average price target of $33.88.

Peabody Energy Stock Performance

NYSE BTU opened at $28.91 on Monday. Peabody Energy Corporation has a 52-week low of $16.46 and a 52-week high of $41.14. The company has a 50-day simple moving average of $24.02 and a 200 day simple moving average of $27.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.46 and a current ratio of 2.01. The company has a market capitalization of $3.52 billion, a PE ratio of -19.27 and a beta of 0.34.

Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, July 29th. The coal producer reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.36). Peabody Energy had a negative net margin of 4.56% and a negative return on equity of 5.22%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts predict that Peabody Energy Corporation will post 0.33 EPS for the current year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 12th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Peabody Energy’s payout ratio is -20.00%.

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.