Garde Capital Inc. Makes New $46,000 Investment in Peabody Energy Corporation (NYSE:BTU)

Garde Capital Inc. bought a new position in shares of Peabody Energy Corporation (NYSE:BTU) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,409 shares of the coal producer’s stock, valued at approximately $46,000.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Peabody Energy by 94.5% in the 4th quarter. Blue Trust Inc. now owns 5,361 shares of the coal producer’s stock worth $112,000 after purchasing an additional 2,605 shares during the period. Rhumbline Advisers raised its holdings 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 worth $6,860,000 after purchasing an additional 7,586 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Peabody Energy by 15.7% in the 4th 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 during the period. CIBC Asset Management Inc raised its holdings in shares of Peabody Energy by 47.8% in the 4th quarter. CIBC Asset Management Inc now owns 12,135 shares of the coal producer’s stock worth $254,000 after purchasing an additional 3,927 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in shares of Peabody Energy in the 4th quarter worth approximately $391,000. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Performance

Peabody Energy stock opened at $13.44 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.63 billion, a PE ratio of 5.01 and a beta of 0.53. The firm has a fifty day simple moving average of $13.49 and a two-hundred day simple moving average of $15.63. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $29.94.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.07 by $0.20. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. The firm had revenue of $937.00 million during the quarter, compared to the consensus estimate of $976.57 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts expect that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, May 15th. Peabody Energy’s payout ratio is 11.19%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BTU shares. Benchmark reduced their price objective on shares of Peabody Energy from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. B. Riley reduced their price objective on shares of Peabody Energy from $27.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, April 11th.

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.