Nwam LLC Buys 34,307 Shares of Peabody Energy Corporation $BTU

Nwam LLC boosted its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 43.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,808 shares of the coal producer’s stock after purchasing an additional 34,307 shares during the period. Nwam LLC’s holdings in Peabody Energy were worth $2,608,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BTU. Valued Wealth Advisors LLC acquired a new position in shares of Peabody Energy during the 1st quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Peabody Energy by 104.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock valued at $25,000 after buying an additional 1,024 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Peabody Energy in the 4th quarter valued at approximately $37,000. Meeder Asset Management Inc. boosted its holdings in shares of Peabody Energy by 1,513.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer’s stock valued at $39,000 after buying an additional 1,105 shares during the last quarter. Finally, Main Street Group LTD bought a new position in shares of Peabody Energy in the first quarter valued at $50,000. 87.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Peabody Energy Price Performance

NYSE:BTU opened at $29.07 on Wednesday. Peabody Energy Corporation has a one year low of $16.46 and a one year high of $41.14. The company has a market cap of $3.54 billion, a P/E ratio of -19.38 and a beta of 0.34. The firm’s fifty day moving average price is $24.23 and its two-hundred day moving average price is $27.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.46.

Peabody Energy (NYSE:BTU) last posted its earnings results 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 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%.The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.23) EPS. Equities analysts expect that Peabody Energy Corporation will post 0.33 earnings per share for the current year.

Peabody Energy Announces Dividend

The business 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 $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Peabody Energy’s dividend payout ratio is currently -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.