Regal Partners Ltd Invests $553,000 in Peabody Energy Corporation $BTU

Regal Partners Ltd purchased a new position in shares of Peabody Energy Corporation (NYSE:BTU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 41,181 shares of the coal producer’s stock, valued at approximately $553,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG lifted its holdings in Peabody Energy by 29.8% during the 1st quarter. Deutsche Bank AG now owns 501,160 shares of the coal producer’s stock worth $6,791,000 after purchasing an additional 115,172 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Peabody Energy by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer’s stock worth $20,574,000 after purchasing an additional 118,307 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Peabody Energy during the 1st quarter worth about $156,000. Kapitalo Investimentos Ltda lifted its holdings in Peabody Energy by 77.1% during the 2nd quarter. Kapitalo Investimentos Ltda now owns 30,000 shares of the coal producer’s stock worth $403,000 after purchasing an additional 13,062 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Peabody Energy by 145.1% during the 1st quarter. D.A. Davidson & CO. now owns 45,725 shares of the coal producer’s stock worth $620,000 after purchasing an additional 27,069 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

BTU has been the topic of several recent analyst reports. Benchmark raised their price target on Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Peabody Energy in a report on Wednesday, October 8th. Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Thursday. B. Riley raised their price target on Peabody Energy from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Finally, UBS Group raised their price target on Peabody Energy from $17.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.00.

Peabody Energy Stock Performance

Shares of NYSE BTU opened at $27.47 on Friday. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 26.67 and a beta of 0.67. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $35.99. The stock’s 50-day moving average is $24.87 and its 200 day moving average is $18.17.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $990.20 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, sell-side analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 13th. Peabody Energy’s dividend payout ratio (DPR) is currently 29.13%.

Peabody Energy Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.