Credit Suisse AG Lowers Position in Peabody Energy Co. (NYSE:BTU)

Credit Suisse AG cut its stake in Peabody Energy Co. (NYSE:BTU) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,447 shares of the coal producer’s stock after selling 1,157 shares during the period. Credit Suisse AG owned 0.05% of Peabody Energy worth $1,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Harbour Investments Inc. increased its stake in shares of Peabody Energy by 323.1% during the fourth quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock valued at $29,000 after purchasing an additional 840 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Peabody Energy during the first quarter valued at approximately $32,000. Macquarie Group Ltd. bought a new position in shares of Peabody Energy during the second quarter valued at approximately $33,000. Park Place Capital Corp bought a new position in shares of Peabody Energy during the first quarter valued at approximately $34,000. Finally, Ronald Blue Trust Inc. increased its stake in shares of Peabody Energy by 41.7% during the first quarter. Ronald Blue Trust Inc. now owns 2,149 shares of the coal producer’s stock valued at $57,000 after purchasing an additional 632 shares in the last quarter. 82.33% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Price Performance

Shares of BTU opened at $22.34 on Tuesday. The company has a market capitalization of $2.97 billion, a P/E ratio of 2.46 and a beta of 1.08. The company has a quick ratio of 1.82, a current ratio of 2.17 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $21.88 and a 200 day moving average of $22.81. Peabody Energy Co. has a twelve month low of $17.71 and a twelve month high of $32.89.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, July 27th. The coal producer reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.38). Peabody Energy had a return on equity of 35.81% and a net margin of 25.97%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $2.67 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Peabody Energy Co. will post 4.62 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Wednesday, August 9th. Peabody Energy’s dividend payout ratio (DPR) is presently 3.30%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BTU. TheStreet raised shares of Peabody Energy from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. B. Riley reduced their price target on shares of Peabody Energy from $27.00 to $25.00 in a research report on Friday, July 28th.

About Peabody Energy

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, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.