Burney Co. Buys New Shares in Peabody Energy Corporation $BTU

Burney Co. purchased a new stake in Peabody Energy Corporation (NYSE:BTU) in the first quarter, HoldingsChannel reports. The fund purchased 46,834 shares of the coal producer’s stock, valued at approximately $1,543,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA bought a new position in Peabody Energy during the fourth quarter valued at about $90,603,000. Assenagon Asset Management S.A. bought a new stake in shares of Peabody Energy in the 4th quarter worth approximately $8,345,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Peabody Energy during the 4th quarter worth approximately $2,219,000. Phoenix Financial Ltd. acquired a new stake in shares of Peabody Energy during the 4th quarter worth approximately $38,125,000. Finally, Quinn Opportunity Partners LLC increased its position in shares of Peabody Energy by 127.8% during the third quarter. Quinn Opportunity Partners LLC now owns 87,015 shares of the coal producer’s stock valued at $2,308,000 after purchasing an additional 48,815 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BTU has been the subject of a number of recent research reports. Zacks Research upgraded Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group decreased their price target on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. B. Riley Financial lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $42.00 to $30.00 in a report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.12.

Peabody Energy Trading Up 1.0%

Shares of BTU opened at $22.90 on Thursday. The company has a current ratio of 1.87, a quick ratio of 1.37 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.79 billion, a PE ratio of -23.13 and a beta of 0.38. Peabody Energy Corporation has a 1 year low of $14.02 and a 1 year high of $41.14. The stock has a 50 day simple moving average of $25.28 and a 200-day simple moving average of $30.41.

Peabody Energy (NYSE:BTU) last announced 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). Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The company had revenue of $973.30 million during the quarter, compared to analyst estimates of $977.42 million. During the same period in the prior year, the firm earned $0.27 EPS. Peabody Energy’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that Peabody Energy Corporation will post 0.48 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 19th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 19th. Peabody Energy’s payout ratio is currently -30.30%.

Key Peabody Energy News

Here are the key news stories impacting Peabody Energy this week:

• Positive Sentiment: Peabody said the U.S. Department of Energy selected it for funding to advance domestic rare earth element and critical mineral production at its Wyoming coal resources, a potentially new revenue stream that could diversify the business beyond coal and improve long-term growth prospects. Article Title
• Positive Sentiment: Analysts also highlighted that the DOE funding news could imply Peabody is trading below estimated fair value, suggesting investors may be reassessing the stock’s upside if the rare earths initiative gains traction. Article Title
• Neutral Sentiment: Multiple law firms announced or reminded investors about an existing securities class action deadline tied to Peabody’s stock performance, keeping the issue in the spotlight but adding no new operational information. Article Title
• Neutral Sentiment: Other recent notices repeated that the lawsuit centers on alleged nondisclosure of Centurion mine equipment and roof-control problems, reinforcing investor caution while the case proceeds. Article Title
• Negative Sentiment: The class action allegations create a legal and reputational overhang for BTU, with claims that investors were misled about production issues at Centurion; that risk can weigh on sentiment even after positive operational news. Article Title

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.