MMCAP International Inc. SPC cut its stake in Peabody Energy Co. (NYSE:BTU - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,658 shares of the coal producer's stock after selling 48,447 shares during the period. MMCAP International Inc. SPC's holdings in Peabody Energy were worth $1,103,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Peabody Energy by 9.7% in the third quarter. FMR LLC now owns 6,897 shares of the coal producer's stock valued at $183,000 after buying an additional 611 shares in the last quarter. Byrne Asset Management LLC increased its stake in shares of Peabody Energy by 63.3% during the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock worth $37,000 after purchasing an additional 680 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Peabody Energy by 3.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,556 shares of the coal producer's stock worth $514,000 after purchasing an additional 885 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Peabody Energy by 43.0% during the 3rd quarter. Larson Financial Group LLC now owns 3,350 shares of the coal producer's stock worth $89,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Peabody Energy by 69.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the coal producer's stock worth $74,000 after purchasing an additional 1,151 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BTU has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Benchmark dropped their price objective 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. Finally, BMO Capital Markets raised shares of Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 price objective for the company in a research note on Monday, December 16th.
Read Our Latest Research Report on Peabody Energy
Peabody Energy Trading Up 0.4 %
BTU stock traded up $0.06 during midday trading on Friday, hitting $13.80. The stock had a trading volume of 3,876,055 shares, compared to its average volume of 3,497,160. The firm has a market cap of $1.68 billion, a PE ratio of 5.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68. Peabody Energy Co. has a 12-month low of $13.40 and a 12-month high of $29.94. The company's 50-day moving average price is $17.98 and its 200 day moving average price is $22.12.
Peabody Energy (NYSE:BTU - Get Free Report) last released its earnings results on Thursday, February 6th. The coal producer reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. On average, equities research analysts predict that Peabody Energy Co. will post 2.61 earnings per share for the current fiscal year.
Peabody Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 19th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.30 annualized dividend and a yield of 2.17%. Peabody Energy's payout ratio is currently 11.11%.
Peabody Energy Profile
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Free Report)
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.
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