46,750 Shares in Peabody Energy Corporation $BTU Purchased by Susquehanna Advisors Group Inc.

Susquehanna Advisors Group Inc. acquired a new stake in Peabody Energy Corporation (NYSE:BTU) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 46,750 shares of the coal producer’s stock, valued at approximately $1,081,000.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Peabody Energy by 3.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,479 shares of the coal producer’s stock worth $3,410,000 after purchasing an additional 4,229 shares during the period. Van ECK Associates Corp increased its stake in shares of Peabody Energy by 387.1% in the second quarter. Van ECK Associates Corp now owns 1,556,305 shares of the coal producer’s stock worth $35,982,000 after purchasing an additional 1,236,770 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Peabody Energy in the second quarter worth about $12,289,000. Caitlin John LLC bought a new stake in shares of Peabody Energy in the second quarter valued at approximately $45,000. Finally, Corient Private Wealth LP bought a new stake in shares of Peabody Energy in the second quarter valued at approximately $525,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BTU shares. B. Riley Financial cut their price objective on shares of Peabody Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Weiss Ratings lowered Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Benchmark reduced their price target on Peabody Energy from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Finally, UBS Group reduced their target price on Peabody Energy from $27.00 to $26.50 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.88.

Peabody Energy Trading Down 0.0%

Shares of Peabody Energy stock opened at $28.91 on Monday. Peabody Energy Corporation has a 1 year low of $16.46 and a 1 year high of $41.14. The company has a 50 day simple moving average of $24.02 and a two-hundred day simple moving average of $27.93. The firm has a market cap of $3.52 billion, a PE ratio of -19.27 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.46.

Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, July 29th. The coal producer reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.36). Peabody Energy had a negative net margin of 4.56% and a negative return on equity of 5.22%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company earned ($0.23) EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Peabody Energy Corporation will post 0.33 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 12th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.0%. Peabody Energy’s dividend payout ratio is -20.00%.

About Peabody Energy

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.