GAMMA Investing LLC Has $52,000 Position in Peabody Energy Corporation $BTU

GAMMA Investing LLC raised its position in shares of Peabody Energy Corporation (NYSE:BTU) by 65.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,886 shares of the coal producer’s stock after buying an additional 1,533 shares during the period. GAMMA Investing LLC’s holdings in Peabody Energy were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BTU. Allworth Financial LP raised its position 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 acquiring an additional 1,613 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake 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 worth $42,000 after acquiring an additional 1,281 shares in the last quarter. Byrne Asset Management LLC grew its holdings 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 valued at $44,000 after acquiring an additional 1,490 shares in the last quarter. Garde Capital Inc. bought a new position in shares of Peabody Energy in the first quarter valued at $46,000. Finally, Parallel Advisors LLC grew its position 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 valued at $62,000 after acquiring an additional 4,009 shares during the period. 87.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BTU. Weiss Ratings restated a “hold (c-)” rating on shares of Peabody Energy in a report on Saturday, September 27th. B. Riley increased their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a report on Friday. Finally, UBS Group increased their price objective on Peabody Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.20.

Peabody Energy Stock Performance

BTU opened at $32.09 on Friday. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $32.60. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 31.16 and a beta of 0.67. The company’s fifty day moving average price is $19.43 and its two-hundred day moving average price is $15.68.

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

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.30 annualized dividend and a yield of 0.9%. Peabody Energy’s dividend payout ratio is presently 29.13%.

About Peabody Energy

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.