Flat Footed LLC Takes Position in Peabody Energy Corporation $BTU

Flat Footed LLC acquired a new stake in Peabody Energy Corporation (NYSE:BTU) in the second quarter, according to its most recent filing with the SEC. The fund acquired 74,502 shares of the coal producer’s stock, valued at approximately $1,722,486. Peabody Energy makes up 0.0% of Flat Footed LLC’s holdings, making the stock its 17th largest holding. Flat Footed LLC owned approximately 0.06% of Peabody Energy as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in Peabody Energy in the 2nd quarter worth approximately $435,691,000. Vanguard Group Inc. lifted its stake in Peabody Energy by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer’s stock worth $449,512,000 after acquiring an additional 1,191,438 shares in the last quarter. State Street Corp raised its stake in Peabody Energy by 3.3% during the 4th quarter. State Street Corp now owns 9,532,978 shares of the coal producer’s stock worth $283,129,000 after acquiring an additional 306,187 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Peabody Energy by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,233,585 shares of the coal producer’s stock worth $205,429,000 after buying an additional 54,072 shares in the last quarter. Finally, Progeny 3 Inc. grew its holdings in Peabody Energy by 0.5% in the 2nd quarter. Progeny 3 Inc. now owns 3,916,934 shares of the coal producer’s stock valued at $52,565,000 after buying an additional 18,920 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Stock Down 1.8%

Peabody Energy stock traded down $0.53 during mid-day trading on Friday, hitting $28.91. The company’s stock had a trading volume of 1,126,340 shares, compared to its average volume of 3,165,463. Peabody Energy Corporation has a 52-week low of $16.46 and a 52-week high of $41.14. The firm’s 50 day moving average is $23.94 and its 200 day moving average is $28.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.46. The company has a market cap 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.36). The business had revenue of $1 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.23) EPS. On average, analysts anticipate that Peabody Energy Corporation will post 0.33 earnings per share for the current year.

Peabody Energy Dividend Announcement

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 paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Peabody Energy’s dividend payout ratio is presently -20.00%.

Analysts Set New Price Targets

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

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.