Caxton Associates LLP Increases Position in Peabody Energy Corporation $BTU

Caxton Associates LLP boosted its position in Peabody Energy Corporation (NYSE:BTU) by 323.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 125,577 shares of the coal producer’s stock after acquiring an additional 95,940 shares during the period. Caxton Associates LLP owned about 0.10% of Peabody Energy worth $1,685,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Public Sector Pension Investment Board boosted its holdings in shares of Peabody Energy by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 414,509 shares of the coal producer’s stock worth $5,563,000 after purchasing an additional 29,239 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Peabody Energy by 2.7% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 96,172 shares of the coal producer’s stock worth $1,291,000 after buying an additional 2,535 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Peabody Energy by 847.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 23,613 shares of the coal producer’s stock valued at $317,000 after buying an additional 21,122 shares during the period. Corient Private Wealth LLC increased its stake in shares of Peabody Energy by 79.4% during the 2nd quarter. Corient Private Wealth LLC now owns 22,201 shares of the coal producer’s stock valued at $298,000 after acquiring an additional 9,828 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Peabody Energy during the 2nd quarter worth about $142,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BTU. B. Riley boosted their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. UBS Group lifted their price target on shares of Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen downgraded Peabody Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Benchmark increased their target price on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.40.

Peabody Energy Stock Performance

NYSE:BTU opened at $29.10 on Monday. The firm’s fifty day simple moving average is $29.21 and its 200 day simple moving average is $21.35. The company has a current ratio of 1.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $35.99. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -100.34 and a beta of 0.57.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $990.20 million. Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. As a group, equities research analysts expect that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, November 13th. Peabody Energy’s dividend payout ratio is currently -103.45%.

Peabody Energy 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.