IndexIQ Advisors LLC Has $1.76 Million Position in Peabody Energy Co. (BTU)
IndexIQ Advisors LLC trimmed its stake in shares of Peabody Energy Co. (NYSE:BTU) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,581 shares of the coal producer’s stock after selling 4,700 shares during the quarter. IndexIQ Advisors LLC’s holdings in Peabody Energy were worth $1,755,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Peabody Energy by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,245,056 shares of the coal producer’s stock valued at $293,854,000 after purchasing an additional 160,452 shares during the period. Vanguard Group Inc grew its position in Peabody Energy by 2.0% during the third quarter. Vanguard Group Inc now owns 8,245,056 shares of the coal producer’s stock worth $293,854,000 after buying an additional 160,452 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Peabody Energy by 7.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,292,224 shares of the coal producer’s stock worth $117,367,000 after buying an additional 236,776 shares in the last quarter. JPMorgan Chase & Co. grew its position in Peabody Energy by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 2,593,969 shares of the coal producer’s stock worth $92,449,000 after buying an additional 1,233,753 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Peabody Energy by 11.1% during the third quarter. Renaissance Technologies LLC now owns 1,837,509 shares of the coal producer’s stock worth $65,489,000 after buying an additional 183,209 shares in the last quarter. Institutional investors own 99.16% of the company’s stock.
Peabody Energy stock opened at $29.73 on Monday. Peabody Energy Co. has a 52 week low of $29.08 and a 52 week high of $47.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.85 and a quick ratio of 1.58. The stock has a market cap of $3.40 billion, a P/E ratio of 9.44 and a beta of 0.77.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, February 19th. Peabody Energy’s payout ratio is currently 16.51%.
BTU has been the subject of several recent analyst reports. Zacks Investment Research upgraded Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research report on Tuesday, February 5th. MKM Partners set a $44.00 target price on Peabody Energy and gave the stock a “buy” rating in a research report on Friday. B. Riley reduced their target price on Peabody Energy to $37.00 and set a “buy” rating for the company in a research report on Friday. Clarkson Capital upgraded Peabody Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 16th. Finally, ValuEngine cut Peabody Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $42.17.
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About Peabody Energy
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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