Cambridge Investment Research Advisors Inc. Buys Shares of 11,528 Peabody Energy Corporation (NYSE:BTU)

Cambridge Investment Research Advisors Inc. acquired a new position in shares of Peabody Energy Corporation (NYSE:BTU) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,528 shares of the coal producer’s stock, valued at approximately $156,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Peabody Energy during the fourth quarter worth about $26,000. Altshuler Shaham Ltd grew its holdings in shares of Peabody Energy by 45.0% during the fourth quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer’s stock worth $61,000 after purchasing an additional 900 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Peabody Energy by 70.7% during the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer’s stock worth $42,000 after purchasing an additional 1,281 shares in the last quarter. Natixis bought a new stake in Peabody Energy in the 4th quarter worth approximately $67,000. Finally, Byrne Asset Management LLC lifted its position in Peabody Energy by 84.9% in the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer’s stock worth $44,000 after buying an additional 1,490 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. B. Riley dropped their target price on Peabody Energy from $27.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Benchmark dropped their target price on Peabody Energy from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th.

Peabody Energy Stock Performance

NYSE:BTU opened at $14.95 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.77. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $29.94. The business has a 50 day moving average of $13.92 and a 200 day moving average of $14.76. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 5.58 and a beta of 0.52.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.20. The firm had revenue of $937.00 million during the quarter, compared to analyst estimates of $976.57 million. Peabody Energy had a return on equity of 10.05% and a net margin of 8.73%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, sell-side analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 15th. Peabody Energy’s dividend payout ratio (DPR) is presently 11.19%.

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.