74,502 Shares in Peabody Energy Corporation $BTU Acquired by Flat Footed LLC

Flat Footed LLC acquired a new stake in Peabody Energy Corporation (NYSE:BTU) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 74,502 shares of the coal producer’s stock, valued at approximately $1,722,486,000. Peabody Energy accounts for about 0.1% of Flat Footed LLC’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in BTU. Legal & General Group Plc bought a new stake in shares of Peabody Energy during the second quarter worth $5,302,000. The Manufacturers Life Insurance Company bought a new position in shares of Peabody Energy in the 2nd quarter valued at $1,455,000. Thomist Capital Management LP bought a new position in shares of Peabody Energy in the 2nd quarter valued at $9,767,000. Fiduciary Financial Advisors acquired a new stake in shares of Peabody Energy during the 2nd quarter valued at $73,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Peabody Energy during the 2nd quarter valued at $16,835,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Trading Down 1.3%

NYSE BTU opened at $27.53 on Wednesday. The business’s 50-day moving average price is $23.82 and its two-hundred day moving average price is $28.10. Peabody Energy Corporation has a 12 month low of $16.21 and a 12 month high of $41.14. The firm has a market capitalization of $3.35 billion, a PE ratio of -18.35 and a beta of 0.34. The company has a current ratio of 2.01, a quick ratio of 1.46 and a debt-to-equity ratio of 0.10.

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

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, August 12th. This represents a $0.30 annualized dividend and a yield of 1.1%. Peabody Energy’s dividend payout ratio (DPR) is presently -20.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BTU. Benchmark lowered their target price on Peabody Energy from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, July 30th. UBS Group cut their price target on Peabody Energy from $27.00 to $26.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Weiss Ratings downgraded Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Finally, B. Riley Financial dropped their price objective on shares of Peabody Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Peabody Energy presently has a consensus rating of “Hold” and a consensus price target of $33.88.

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.