Daiwa Securities Group Inc. Invests $36,000 in Peabody Energy Co. (NYSE:BTU)

Daiwa Securities Group Inc. bought a new position in shares of Peabody Energy Co. (NYSE:BTU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,500 shares of the coal producer’s stock, valued at approximately $36,000.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Peabody Energy by 84.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer’s stock worth $32,000 after buying an additional 568 shares during the period. Federated Hermes Inc. boosted its stake in shares of Peabody Energy by 17,075.0% during the third quarter. Federated Hermes Inc. now owns 1,374 shares of the coal producer’s stock worth $36,000 after buying an additional 1,366 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Peabody Energy during the third quarter worth about $70,000. Byrne Asset Management LLC boosted its stake in shares of Peabody Energy by 20.6% during the fourth quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer’s stock worth $92,000 after buying an additional 630 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Peabody Energy in the third quarter valued at about $182,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BTU shares. Benchmark restated a “buy” rating and issued a $28.00 price objective on shares of Peabody Energy in a research report on Friday, April 12th. B. Riley reduced their price objective on shares of Peabody Energy from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, April 15th.

Peabody Energy Trading Down 1.2 %

Shares of Peabody Energy stock opened at $23.65 on Monday. Peabody Energy Co. has a 12-month low of $17.71 and a 12-month high of $27.24. The company has a current ratio of 2.06, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.01 billion, a PE ratio of 4.75 and a beta of 0.98. The company has a 50-day moving average of $24.38 and a two-hundred day moving average of $24.46.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.08). Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business posted $2.65 earnings per share. The company’s quarterly revenue was down 24.1% on a year-over-year basis. On average, research analysts anticipate that Peabody Energy Co. will post 3.07 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were issued a $0.075 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.30 dividend on an annualized basis and a yield of 1.27%. Peabody Energy’s dividend payout ratio (DPR) is presently 6.02%.

Insider Buying and Selling at Peabody Energy

In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $167,714.82. Following the completion of the transaction, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Darren Ronald Yeates sold 31,980 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.48, for a total transaction of $814,850.40. Following the completion of the transaction, the chief operating officer now directly owns 78,307 shares of the company’s stock, valued at approximately $1,995,262.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark Spurbeck sold 6,826 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total transaction of $167,714.82. Following the transaction, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,806 shares of company stock valued at $1,339,565. Corporate insiders own 0.09% of the company’s stock.

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.