Peabody Energy Co. (NYSE:BTU) Stake Lowered by First Quadrant L P CA

First Quadrant L P CA decreased its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 10.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,292 shares of the coal producer’s stock after selling 1,492 shares during the period. First Quadrant L P CA’s holdings in Peabody Energy were worth $405,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BTU. JPMorgan Chase & Co. grew its stake in shares of Peabody Energy by 90.7% during the third quarter. JPMorgan Chase & Co. now owns 2,593,969 shares of the coal producer’s stock worth $92,449,000 after acquiring an additional 1,233,753 shares during the last quarter. Credit Suisse AG grew its stake in shares of Peabody Energy by 143.4% during the third quarter. Credit Suisse AG now owns 964,365 shares of the coal producer’s stock worth $34,370,000 after acquiring an additional 568,206 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Peabody Energy by 444.3% during the third quarter. Prudential Financial Inc. now owns 569,649 shares of the coal producer’s stock worth $20,302,000 after acquiring an additional 464,989 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Peabody Energy during the third quarter worth about $15,435,000. Finally, Capital Fund Management S.A. grew its stake in shares of Peabody Energy by 491.6% during the third quarter. Capital Fund Management S.A. now owns 509,638 shares of the coal producer’s stock worth $18,163,000 after acquiring an additional 423,497 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Peabody Energy stock opened at $29.73 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.85 and a quick ratio of 1.81. Peabody Energy Co. has a 52 week low of $29.08 and a 52 week high of $47.84. The stock has a market cap of $3.40 billion, a P/E ratio of 9.44 and a beta of 0.77.

Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, February 6th. The coal producer reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.20. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $2.47 earnings per share. The company’s revenue was down 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Peabody Energy Co. will post 2.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 6th. Investors of record on Wednesday, February 20th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, February 19th. Peabody Energy’s dividend payout ratio (DPR) is 16.51%.

BTU has been the topic of a number of research analyst reports. Zacks Investment Research lowered Peabody Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 15th. ValuEngine lowered Peabody Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. B. Riley dropped their price target on Peabody Energy from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Clarkson Capital lowered Peabody Energy from a “buy” rating to a “neutral” rating in a research note on Friday, November 16th. Finally, MKM Partners set a $44.00 price target on Peabody Energy and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $42.17.

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About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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