FIL Ltd Trims Holdings in Peabody Energy Co. (NYSE:BTU)

FIL Ltd decreased its holdings in Peabody Energy Co. (NYSE:BTU - Free Report) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000,000 shares of the coal producer's stock after selling 383,000 shares during the period. FIL Ltd owned about 0.82% of Peabody Energy worth $20,940,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of Peabody Energy by 144.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,951 shares of the coal producer's stock worth $83,000 after buying an additional 2,333 shares during the period. Rhumbline Advisers increased its holdings in Peabody Energy by 2.4% in the 4th quarter. Rhumbline Advisers now owns 327,601 shares of the coal producer's stock valued at $6,860,000 after buying an additional 7,586 shares during the period. Elevate Capital Advisors LLC acquired a new position in Peabody Energy in the fourth quarter worth about $1,889,000. Sanctuary Advisors LLC raised its holdings in shares of Peabody Energy by 15.7% in the 4th quarter. Sanctuary Advisors LLC now owns 43,766 shares of the coal producer's stock worth $916,000 after buying an additional 5,940 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Peabody Energy by 52.1% during the fourth quarter. Vontobel Holding Ltd. now owns 57,800 shares of the coal producer's stock valued at $1,210,000 after acquiring an additional 19,800 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently weighed in on BTU. B. Riley lowered their target price on Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group decreased their price objective on Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, Benchmark lowered their target price on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, February 7th.

Peabody Energy Price Performance

Shares of BTU stock traded down $0.11 on Wednesday, hitting $12.26. 5,139,151 shares of the company's stock were exchanged, compared to its average volume of 3,202,954. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68. The stock has a market cap of $1.49 billion, a P/E ratio of 4.54 and a beta of 0.52. Peabody Energy Co. has a 12 month low of $9.61 and a 12 month high of $29.94. The company has a 50 day moving average of $13.74 and a 200 day moving average of $19.77.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The coal producer reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. On average, equities research analysts predict that Peabody Energy Co. will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 19th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.30 annualized dividend and a dividend yield of 2.45%. Peabody Energy's dividend payout ratio is currently 11.11%.

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.