Cetera Investment Advisers Makes New $323,000 Investment in Peabody Energy Corporation $BTU

Cetera Investment Advisers bought a new position in shares of Peabody Energy Corporation (NYSE:BTU) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,819 shares of the coal producer’s stock, valued at approximately $323,000.

A number of other institutional investors also recently bought and sold shares of BTU. Quarry LP purchased a new stake in Peabody Energy during the fourth quarter worth $26,000. Allworth Financial LP lifted its position in shares of Peabody Energy by 315.0% in the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer’s stock valued at $27,000 after acquiring an additional 1,613 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Peabody Energy by 70.7% in the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer’s stock valued at $42,000 after acquiring an additional 1,281 shares in the last quarter. Byrne Asset Management LLC lifted its position in shares of Peabody Energy by 84.9% in the first quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer’s stock valued at $44,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Peabody Energy in the first quarter valued at $46,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BTU shares. Wall Street Zen downgraded Peabody Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. UBS Group started coverage on Peabody Energy in a research report on Tuesday, July 15th. They issued a “neutral” rating and a $14.00 price objective on the stock. Finally, Benchmark reduced their price objective on Peabody Energy from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Peabody Energy Stock Performance

Shares of NYSE:BTU opened at $16.5070 on Wednesday. The firm has a market capitalization of $2.01 billion, a PE ratio of 16.03 and a beta of 0.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The business has a 50-day moving average of $15.33 and a two-hundred day moving average of $14.33. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $29.94.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $890.10 million for the quarter, compared to analyst estimates of $944.27 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The business’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 earnings per share. As a group, research analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.30 annualized dividend and a yield of 1.8%. Peabody Energy’s dividend payout ratio is currently 29.13%.

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.