Creative Planning Has $1.43 Million Stock Holdings in Peabody Energy Corporation $BTU

Creative Planning raised its holdings in Peabody Energy Corporation (NYSE:BTU) by 68.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,288 shares of the coal producer’s stock after buying an additional 43,183 shares during the period. Creative Planning owned about 0.09% of Peabody Energy worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $985,000 after acquiring an additional 700 shares during the last quarter. Signaturefd LLC increased its holdings in Peabody Energy by 48.5% during the 2nd quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock worth $32,000 after purchasing an additional 768 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Peabody Energy by 57.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock worth $30,000 after purchasing an additional 816 shares in the last quarter. Byrne Asset Management LLC raised its stake 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 worth $55,000 after purchasing an additional 884 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its stake 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 worth $468,000 after purchasing an additional 1,124 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Trading Up 1.3%

Shares of Peabody Energy stock opened at $27.34 on Friday. The firm has a market cap of $3.32 billion, a PE ratio of 26.54 and a beta of 0.50. Peabody Energy Corporation has a 1 year low of $9.61 and a 1 year high of $35.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The stock has a fifty day moving average price of $28.80 and a 200-day moving average price of $20.25.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $990.20 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. Peabody Energy’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. Equities research analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be issued a $0.075 dividend. 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 payout ratio is -103.45%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Benchmark lifted their target price on Peabody Energy from $23.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Peabody Energy in a research note on Tuesday. Wall Street Zen downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. UBS Group increased their target price on shares of Peabody Energy from $17.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.