Mutual of America Capital Management LLC Decreases Holdings in Peabody Energy Corporation $BTU

Mutual of America Capital Management LLC trimmed its position in shares of Peabody Energy Corporation (NYSE:BTU) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,621 shares of the coal producer’s stock after selling 2,072 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Peabody Energy were worth $210,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Peabody Energy by 1.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock valued at $985,000 after buying an additional 700 shares in the last quarter. Signaturefd LLC lifted its position in shares of Peabody Energy by 48.5% in the second quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock valued at $32,000 after acquiring an additional 768 shares in the last quarter. Byrne Asset Management LLC lifted its position in shares of Peabody Energy by 27.2% in the second quarter. Byrne Asset Management LLC now owns 4,129 shares of the coal producer’s stock valued at $55,000 after acquiring an additional 884 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Peabody Energy by 3.3% in the second quarter. SummerHaven Investment Management LLC now owns 34,842 shares of the coal producer’s stock valued at $468,000 after acquiring an additional 1,124 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of Peabody Energy by 2.8% in the second quarter. Yousif Capital Management LLC now owns 49,985 shares of the coal producer’s stock valued at $671,000 after acquiring an additional 1,348 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BTU has been the topic of several analyst reports. Wall Street Zen cut shares of Peabody Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Peabody Energy in a research report on Wednesday, October 8th. B. Riley raised their price objective on Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Finally, UBS Group raised their price objective on Peabody Energy from $17.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.20.

Peabody Energy Price Performance

Shares of Peabody Energy stock opened at $25.90 on Friday. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $35.99. The stock has a market capitalization of $3.15 billion, a P/E ratio of 25.14 and a beta of 0.67. 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 business’s fifty day moving average price is $24.65 and its 200 day moving average price is $18.02.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $990.20 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. As a group, research analysts anticipate 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 will be paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. Peabody Energy’s payout ratio is currently 29.13%.

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.