Nwam LLC Buys 34,307 Shares of Peabody Energy Corporation $BTU

Nwam LLC raised its stake in Peabody Energy Corporation (NYSE:BTU) by 43.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,808 shares of the coal producer’s stock after buying an additional 34,307 shares during the quarter. Nwam LLC owned 0.09% of Peabody Energy worth $2,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Peabody Energy by 1.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 72,693 shares of the coal producer’s stock valued at $985,000 after acquiring an additional 700 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Peabody Energy by 45.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,359 shares of the coal producer’s stock valued at $452,000 after acquiring an additional 10,401 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Peabody Energy during the 1st quarter worth approximately $261,000. First Trust Advisors LP boosted its stake in Peabody Energy by 21.4% during the 2nd quarter. First Trust Advisors LP now owns 291,577 shares of the coal producer’s stock worth $3,913,000 after acquiring an additional 51,384 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Peabody Energy by 742.1% during the second quarter. Federated Hermes Inc. now owns 281,576 shares of the coal producer’s stock valued at $3,779,000 after purchasing an additional 248,140 shares during the period. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Trading Down 2.1%

NYSE BTU opened at $29.07 on Wednesday. Peabody Energy Corporation has a 52 week low of $16.46 and a 52 week high of $41.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.46 and a current ratio of 2.01. The stock’s 50 day moving average price is $24.23 and its two-hundred day moving average price is $27.83. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -19.38 and a beta of 0.34.

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

Peabody Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

BTU has been the topic of several analyst reports. Weiss Ratings lowered shares of Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Zacks Research lowered shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. B. Riley Financial lowered their price objective on shares of Peabody Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. UBS Group dropped their price objective on Peabody Energy from $27.00 to $26.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Benchmark dropped their price objective on Peabody Energy from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.88.

Peabody Energy Profile

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.