Connor Clark & Lunn Investment Management Ltd. Boosts Position in Peabody Energy Co. (NYSE:BTU)

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 105.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 646,152 shares of the coal producer's stock after purchasing an additional 331,759 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.53% of Peabody Energy worth $13,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in 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 valued at $83,000 after acquiring an additional 2,333 shares in the last quarter. Elevate Capital Advisors LLC bought a new stake in shares of Peabody Energy during the fourth quarter valued at approximately $1,889,000. Rhumbline Advisers grew its stake in Peabody Energy by 2.4% in the fourth quarter. Rhumbline Advisers now owns 327,601 shares of the coal producer's stock worth $6,860,000 after purchasing an additional 7,586 shares during the period. Sanctuary Advisors LLC raised its holdings in Peabody Energy by 15.7% in the fourth quarter. Sanctuary Advisors LLC now owns 43,766 shares of the coal producer's stock worth $916,000 after purchasing an additional 5,940 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Peabody Energy by 52.1% during the 4th quarter. Vontobel Holding Ltd. now owns 57,800 shares of the coal producer's stock valued at $1,210,000 after buying an additional 19,800 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

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Peabody Energy Stock Down 1.5 %

NYSE BTU traded down $0.21 during mid-day trading on Wednesday, reaching $13.97. The stock had a trading volume of 4,621,109 shares, compared to its average volume of 2,784,950. The stock has a market cap of $1.70 billion, a PE ratio of 5.17 and a beta of 0.94. Peabody Energy Co. has a 1 year low of $12.15 and a 1 year high of $29.94. 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 company has a fifty day moving average price of $16.28 and a 200 day moving average price of $21.28.

Peabody Energy (NYSE:BTU - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The coal producer reported $0.28 earnings per share 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, research analysts expect that Peabody Energy Co. will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently declared 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 was Wednesday, February 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.15%. Peabody Energy's dividend payout ratio is presently 11.11%.

Analysts Set New Price Targets

BTU has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, January 6th. BMO Capital Markets raised Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 price target on the stock in a research report on Monday, December 16th. Finally, Benchmark reduced their price objective on Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, February 7th.

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.