Steinberganna Wealth Management Makes New $1.56 Million Investment in Peabody Energy Corporation $BTU

Steinberganna Wealth Management acquired a new stake in Peabody Energy Corporation (NYSE:BTU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 58,645 shares of the coal producer’s stock, valued at approximately $1,555,000. Peabody Energy accounts for 0.7% of Steinberganna Wealth Management’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sourcerock Group LLC acquired a new position in Peabody Energy during the 2nd quarter valued at $28,092,000. State Street Corp grew its position in Peabody Energy by 19.3% in the 2nd quarter. State Street Corp now owns 9,208,031 shares of the coal producer’s stock worth $123,572,000 after purchasing an additional 1,487,531 shares during the last quarter. Drummond Knight Asset Management Pty Ltd bought a new position in shares of Peabody Energy during the 1st quarter worth about $9,196,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Peabody Energy during the second quarter valued at about $9,039,000. Finally, AQR Capital Management LLC raised its position in shares of Peabody Energy by 698.4% during the first quarter. AQR Capital Management LLC now owns 738,425 shares of the coal producer’s stock valued at $10,006,000 after buying an additional 645,934 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Up 1.9%

BTU opened at $32.76 on Friday. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -112.97 and a beta of 0.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.49 and a current ratio of 1.99. The firm’s 50-day simple moving average is $29.16 and its 200-day simple moving average is $23.46. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $35.99.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $990.20 million. Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 earnings per share. Equities research analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, November 13th. Peabody Energy’s payout ratio is presently -103.45%.

Analyst Ratings Changes

A number of research firms recently weighed in on BTU. Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a research report on Monday, December 29th. Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. UBS Group boosted their price objective on Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Benchmark raised their target price on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.33.

Peabody Energy Company 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.