Peabody Energy Corporation $BTU Holdings Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its position in Peabody Energy Corporation (NYSE:BTU) by 98.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,962 shares of the coal producer’s stock after purchasing an additional 4,946 shares during the period. Farther Finance Advisors LLC’s holdings in Peabody Energy were worth $134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BTU. Allworth Financial LP grew its position in Peabody Energy by 315.0% in the 1st quarter. Allworth Financial LP now owns 2,125 shares of the coal producer’s stock worth $27,000 after purchasing an additional 1,613 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Peabody Energy by 70.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer’s stock worth $42,000 after acquiring an additional 1,281 shares during the period. Byrne Asset Management LLC lifted its stake in shares of 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 acquiring an additional 1,490 shares during the period. Garde Capital Inc. acquired a new stake in shares of Peabody Energy in the 1st quarter worth approximately $46,000. Finally, Parallel Advisors LLC lifted its stake in shares of Peabody Energy by 714.6% in the 1st quarter. Parallel Advisors LLC now owns 4,570 shares of the coal producer’s stock worth $62,000 after acquiring an additional 4,009 shares during the period. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Up 3.4%

Shares of NYSE:BTU opened at $29.25 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 2.21. The company has a market cap of $3.56 billion, a PE ratio of 28.40 and a beta of 0.67. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The firm has a 50 day simple moving average of $19.13 and a 200 day simple moving average of $15.54.

Peabody Energy (NYSE:BTU) last issued 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 during the quarter, compared to analysts’ expectations of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 EPS. As a group, research analysts expect that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, August 14th. Peabody Energy’s dividend payout ratio is currently 29.13%.

Wall Street Analyst Weigh In

BTU has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Peabody Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. UBS Group upped their price target on shares of Peabody Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Finally, B. Riley upped their price target on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.20.

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.