Peabody Energy Corporation (NYSE:BTU – Get Free Report) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $33.88.
BTU has been the subject of a number of analyst reports. UBS Group lowered their price target on shares of Peabody Energy from $27.00 to $26.50 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Zacks Research raised Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Benchmark decreased their price objective on Peabody Energy from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. B. Riley Financial lowered their price objective on Peabody Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Peabody Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, October 2nd.
Check Out Our Latest Analysis on BTU
Peabody Energy Price Performance
Peabody Energy (NYSE:BTU – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The coal producer reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.36). Peabody Energy had a negative return on equity of 5.22% and a negative net margin of 4.56%.The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business earned ($0.23) earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts forecast that Peabody Energy will post 0.33 EPS for the current fiscal year.
Peabody Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 12th were given a $0.0750 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $0.30 dividend on an annualized basis and a yield of 1.2%. Peabody Energy’s dividend payout ratio (DPR) is currently -20.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Argent Capital Management LLC bought a new position in Peabody Energy during the third quarter valued at $811,000. Tidal Investments LLC lifted its holdings in shares of Peabody Energy by 21.6% in the 2nd quarter. Tidal Investments LLC now owns 93,197 shares of the coal producer’s stock worth $2,155,000 after acquiring an additional 16,561 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Peabody Energy by 49.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,381 shares of the coal producer’s stock worth $402,000 after acquiring an additional 5,735 shares during the last quarter. Nwam LLC boosted its stake in shares of Peabody Energy by 43.7% during the 2nd quarter. Nwam LLC now owns 112,808 shares of the coal producer’s stock worth $2,608,000 after purchasing an additional 34,307 shares during the period. Finally, Susquehanna Advisors Group Inc. purchased a new position in shares of Peabody Energy during the 2nd quarter worth about $1,081,000. 87.44% of the stock is owned by hedge funds and other institutional investors.
Peabody Energy Company Profile
Peabody Energy Corporation is a global coal producer and energy company headquartered in St. Louis, Missouri. The company mines, processes and sells thermal coal used primarily for electricity generation and metallurgical coal used in steelmaking.
Peabody operates mining assets in the United States and Australia and serves customers in domestic and international markets. Its products are sold to electric utilities, steel producers, industrial customers and other commercial buyers, with sales delivered through both seaborne and domestic channels.
Founded in 1883, Peabody has developed from a regional coal business into one of the world’s largest private-sector coal companies.
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