Old West Investment Management LLC grew its stake in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 211.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,243 shares of the coal producer's stock after purchasing an additional 38,853 shares during the period. Old West Investment Management LLC's holdings in Peabody Energy were worth $1,199,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in shares of Peabody Energy by 144.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,951 shares of the coal producer's stock valued at $83,000 after purchasing an additional 2,333 shares in the last quarter. Rhumbline Advisers raised its stake in shares of 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 in the last quarter. Elevate Capital Advisors LLC bought a new position in shares of Peabody Energy during the 4th quarter worth about $1,889,000. Sanctuary Advisors LLC boosted its position in shares of Peabody Energy by 15.7% during the 4th quarter. Sanctuary Advisors LLC now owns 43,766 shares of the coal producer's stock valued at $916,000 after acquiring an additional 5,940 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in Peabody Energy by 52.1% in the fourth quarter. Vontobel Holding Ltd. now owns 57,800 shares of the coal producer's stock worth $1,210,000 after purchasing an additional 19,800 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.
Peabody Energy Price Performance
Shares of NYSE:BTU traded down $0.69 during midday trading on Thursday, reaching $11.57. The company's stock had a trading volume of 5,193,395 shares, compared to its average volume of 3,140,244. The business's fifty day simple moving average is $14.17 and its 200-day simple moving average is $20.14. 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 fifty-two week low of $9.61 and a fifty-two week high of $29.94. The company has a market capitalization of $1.41 billion, a P/E ratio of 4.23 and a beta of 0.52.
Peabody Energy (NYSE:BTU - Get Free Report) last announced its earnings results 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 return on equity of 10.33% and a net margin of 8.75%. As a group, equities research analysts expect that Peabody Energy Co. will post 2.61 EPS for the current fiscal 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 2.59%. Peabody Energy's dividend payout ratio (DPR) is presently 11.11%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on BTU shares. Jefferies Financial Group lowered their price objective on Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. BMO Capital Markets upgraded 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. Finally, Benchmark reduced their target price on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, February 7th.
Read Our Latest Research Report on BTU
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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