Prelude Capital Management LLC Grows Position in Peabody Energy Co. (NYSE:BTU)

Prelude Capital Management LLC boosted its stake in Peabody Energy Co. (NYSE:BTU) by 39.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,739 shares of the coal producer’s stock after purchasing an additional 3,303 shares during the quarter. Prelude Capital Management LLC’s holdings in Peabody Energy were worth $301,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BTU. Harbour Investments Inc. lifted its position in 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 buying an additional 840 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Peabody Energy during the first quarter valued at approximately $32,000. Park Place Capital Corp acquired a new position in shares of Peabody Energy during the first quarter worth $34,000. Tucker Asset Management LLC acquired a new position in shares of Peabody Energy during the first quarter worth $34,000. Finally, Quarry LP lifted its position in shares of Peabody Energy by 1,079.8% during the first quarter. Quarry LP now owns 1,345 shares of the coal producer’s stock worth $34,000 after purchasing an additional 1,231 shares in the last quarter. 82.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Peabody Energy Trading Down 0.0 %

BTU opened at $24.00 on Tuesday. The stock has a market capitalization of $3.19 billion, a PE ratio of 2.64 and a beta of 1.08. The firm’s fifty day moving average price is $22.12 and its 200 day moving average price is $22.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.17 and a quick ratio of 1.82. Peabody Energy Co. has a 12-month low of $17.71 and a 12-month high of $32.89.

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

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.30 annualized dividend and a dividend yield of 1.25%. Peabody Energy’s dividend payout ratio is currently 3.30%.

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.