Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Position in Peabody Energy Corporation $BTU

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Peabody Energy Corporation (NYSE:BTU) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,220 shares of the coal producer’s stock after purchasing an additional 2,144 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Peabody Energy were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BTU. American Century Companies Inc. lifted its stake in shares of Peabody Energy by 1.9% during the first quarter. American Century Companies Inc. now owns 3,858,777 shares of the coal producer’s stock worth $52,286,000 after purchasing an additional 73,440 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Peabody Energy by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,009,472 shares of the coal producer’s stock valued at $40,395,000 after buying an additional 40,785 shares during the period. Long Focus Capital Management LLC lifted its position in Peabody Energy by 96.7% during the 1st quarter. Long Focus Capital Management LLC now owns 1,789,858 shares of the coal producer’s stock worth $24,253,000 after acquiring an additional 879,800 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Peabody Energy by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer’s stock worth $20,574,000 after acquiring an additional 118,307 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Peabody Energy by 7.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,513,951 shares of the coal producer’s stock valued at $20,317,000 after acquiring an additional 107,644 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Trading Up 1.7%

Shares of NYSE BTU opened at $27.04 on Thursday. The stock’s 50 day moving average price is $28.61 and its two-hundred day moving average price is $20.12. Peabody Energy Corporation has a 52-week low of $9.61 and a 52-week high of $35.99. The stock has a market capitalization of $3.29 billion, a P/E ratio of 26.25 and a beta of 0.50. 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 (NYSE:BTU) last issued its earnings results on Thursday, October 30th. The coal producer reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $990.20 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.Peabody Energy’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. On average, analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 13th. Peabody Energy’s dividend payout ratio is -103.45%.

Analysts Set New Price Targets

BTU has been the topic of a number of recent research reports. B. Riley boosted their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Zacks Research lowered shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. UBS Group upped their price objective on shares of Peabody Energy from $17.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Peabody Energy in a research report on Tuesday. Finally, Benchmark boosted their price target on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.00.

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.