Peabody Energy (NYSE:BTU) Given New $24.00 Price Target at B. Riley

Peabody Energy (NYSE:BTU) had its price target raised by B. Riley from $18.00 to $24.00 in a research report released on Tuesday morning, Marketbeat reports. They currently have a buy rating on the coal producer’s stock.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. UBS Group lifted their price target on shares of Peabody Energy from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.90.

Peabody Energy Trading Up 0.5%

Shares of NYSE:BTU opened at $18.48 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. Peabody Energy has a 12-month low of $9.61 and a 12-month high of $29.94. The business has a 50 day moving average of $16.45 and a 200-day moving average of $14.40. The stock has a market cap of $2.25 billion, a PE ratio of 17.94 and a beta of 0.64.

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

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, August 14th. Peabody Energy’s payout ratio is currently 29.13%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BTU. Smartleaf Asset Management LLC raised its position in Peabody Energy by 104.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock valued at $25,000 after purchasing an additional 1,024 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Peabody Energy by 315.0% during the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer’s stock worth $27,000 after buying an additional 1,613 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Peabody Energy by 57.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock worth $30,000 after buying an additional 816 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Peabody Energy by 48.5% during the second quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock worth $32,000 after buying an additional 768 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Peabody Energy during the second quarter worth $34,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Company 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.