Peabody Energy Corporation (BTU) to Issue Quarterly Dividend of $0.08 on June 8th

Peabody Energy Corporation (NYSE:BTU) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.075 per share by the coal producer on Monday, June 8th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, May 19th.

Peabody Energy has a dividend payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Peabody Energy to earn $3.36 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 8.9%.

Peabody Energy Stock Down 2.1%

Shares of NYSE BTU opened at $23.74 on Friday. The firm’s 50-day simple moving average is $30.49 and its 200 day simple moving average is $31.18. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -23.98 and a beta of 0.35. The company has a quick ratio of 1.37, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. Peabody Energy has a 12-month low of $12.58 and a 12-month high of $41.14.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.40). The company had revenue of $973.30 million for the quarter, compared to analyst estimates of $977.42 million. Peabody Energy had a negative return on equity of 2.80% and a negative net margin of 3.07%.The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. On average, research analysts expect that Peabody Energy will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Peabody Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA acquired a new stake in shares of Peabody Energy in the fourth quarter valued at approximately $90,603,000. RFG Advisory LLC acquired a new stake in shares of Peabody Energy in the third quarter valued at approximately $772,000. American Century Companies Inc. raised its holdings in shares of Peabody Energy by 8.7% in the third quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer’s stock valued at $117,363,000 after purchasing an additional 354,099 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Peabody Energy in the fourth quarter valued at approximately $8,345,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Peabody Energy in the third quarter valued at approximately $8,552,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.