Allworth Financial LP Buys 1,613 Shares of Peabody Energy Corporation (NYSE:BTU)

Allworth Financial LP raised its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 315.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,125 shares of the coal producer’s stock after acquiring an additional 1,613 shares during the period. Allworth Financial LP’s holdings in Peabody Energy were worth $27,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BTU. Quarry LP purchased a new stake in shares of Peabody Energy during the 4th quarter valued at about $26,000. Harbor Capital Advisors Inc. increased its position in shares of Peabody Energy by 70.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer’s stock valued at $42,000 after purchasing an additional 1,281 shares during the last quarter. Byrne Asset Management LLC increased its position in shares of Peabody Energy by 84.9% during the 1st quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer’s stock valued at $44,000 after purchasing an additional 1,490 shares during the last quarter. Garde Capital Inc. purchased a new stake in shares of Peabody Energy during the 1st quarter valued at about $46,000. Finally, Altshuler Shaham Ltd increased its position in shares of Peabody Energy by 45.0% during 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. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Performance

BTU stock opened at $15.60 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $14.00 and its two-hundred day simple moving average is $14.65. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $29.94. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 5.82 and a beta of 0.52.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.07 by $0.20. The firm had revenue of $937.00 million for 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 revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. Analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a $0.075 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.30 annualized dividend and a yield of 1.92%. Peabody Energy’s dividend payout ratio (DPR) is presently 11.19%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BTU. UBS Group began coverage on shares of Peabody Energy in a report on Tuesday, July 15th. They set a “neutral” rating and a $14.00 price objective for the company. Benchmark lowered 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. Finally, B. Riley lowered 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.60.

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.