GAMMA Investing LLC Increases Stake in Peabody Energy Corporation (NYSE:BTU)

GAMMA Investing LLC increased its holdings in shares of Peabody Energy Corporation (NYSE:BTU) by 1,433.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,883 shares of the coal producer’s stock after buying an additional 29,804 shares during the period. GAMMA Investing LLC’s holdings in Peabody Energy were worth $432,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of Peabody Energy by 167.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer’s stock valued at $25,000 after purchasing an additional 744 shares during the last quarter. Quarry LP purchased a new stake in shares of Peabody Energy in the 4th quarter valued at approximately $26,000. Altshuler Shaham Ltd increased its position in shares of Peabody Energy by 45.0% in the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer’s stock valued at $61,000 after purchasing an additional 900 shares during the last quarter. Natixis purchased a new stake in shares of Peabody Energy in the 4th quarter valued at approximately $67,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Peabody Energy by 144.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,951 shares of the coal producer’s stock valued at $83,000 after purchasing an additional 2,333 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Trading Up 1.6%

NYSE BTU opened at $14.30 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.77. The firm’s fifty day moving average price is $13.48 and its 200 day moving average price is $15.75. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 5.34 and a beta of 0.53. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $29.94.

Peabody Energy (NYSE:BTU) last posted its earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.20. The firm had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. On average, sell-side analysts expect that Peabody Energy Corporation will post 2.61 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, June 4th. Investors of record on Thursday, May 15th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Thursday, May 15th. Peabody Energy’s dividend payout ratio (DPR) is 11.19%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BTU. Benchmark dropped their price objective on shares of Peabody Energy from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. B. Riley dropped their price objective on shares of Peabody Energy from $27.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, April 11th.

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