Bridgeway Capital Management LLC Makes New $9.08 Million Investment in Peabody Energy Corporation $BTU

Bridgeway Capital Management LLC purchased a new position in Peabody Energy Corporation (NYSE:BTU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 670,363 shares of the coal producer’s stock, valued at approximately $9,083,000. Bridgeway Capital Management LLC owned 0.55% of Peabody Energy at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BTU. BOKF NA grew its stake in shares of Peabody Energy by 5.0% in the 4th quarter. BOKF NA now owns 22,236 shares of the coal producer’s stock valued at $466,000 after buying an additional 1,050 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Peabody Energy by 70.7% in the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer’s stock worth $42,000 after acquiring an additional 1,281 shares in the last quarter. US Bancorp DE grew its stake in Peabody Energy by 33.5% in the first quarter. US Bancorp DE now owns 5,726 shares of the coal producer’s stock valued at $78,000 after acquiring an additional 1,437 shares during the period. Byrne Asset Management LLC increased its holdings in shares of Peabody Energy by 84.9% during the first quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer’s stock valued at $44,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Peabody Energy by 315.0% during the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer’s stock worth $27,000 after purchasing an additional 1,613 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

BTU has been the subject of several research reports. UBS Group lifted their price target on shares of Peabody Energy from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Benchmark dropped their price target on shares of Peabody Energy from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.90.

Peabody Energy Stock Up 1.7%

BTU opened at $17.06 on Thursday. Peabody Energy Corporation has a fifty-two week low of $9.61 and a fifty-two week high of $29.94. The firm has a market capitalization of $2.07 billion, a P/E ratio of 16.57 and a beta of 0.64. The company’s 50-day moving average is $16.02 and its 200 day moving average is $14.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The firm had revenue of $890.10 million during the quarter, compared to analysts’ expectations of $944.27 million. During the same quarter last year, the business posted $1.42 EPS. The company’s quarterly revenue was down 14.6% on a year-over-year basis. Research analysts expect that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, August 14th. Peabody Energy’s dividend payout ratio (DPR) is 29.13%.

About Peabody Energy

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.