Ieq Capital LLC Makes New Investment in Peabody Energy Corporation $BTU

Ieq Capital LLC acquired a new stake in shares of Peabody Energy Corporation (NYSE:BTU) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,664 shares of the coal producer’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds have also modified their holdings of BTU. Smartleaf Asset Management LLC boosted its stake in Peabody Energy by 104.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock worth $25,000 after buying an additional 1,024 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Peabody Energy in the 1st quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Peabody Energy during the 4th quarter worth about $37,000. Meeder Asset Management Inc. lifted its holdings in shares of Peabody Energy by 1,513.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,178 shares of the coal producer’s stock worth $39,000 after acquiring an additional 1,105 shares during the period. Finally, Main Street Group LTD acquired a new stake in shares of Peabody Energy during the 1st quarter valued at about $50,000. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Trading Up 7.6%

Shares of BTU stock opened at $29.40 on Friday. Peabody Energy Corporation has a 12-month low of $16.46 and a 12-month high of $41.14. The company has a market capitalization of $3.58 billion, a P/E ratio of -19.60 and a beta of 0.34. The firm has a 50-day moving average price of $23.94 and a 200 day moving average price of $28.00. The company has a quick ratio of 1.46, a current ratio of 2.01 and a debt-to-equity ratio of 0.10.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data 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 firm 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.23) earnings per share. Research analysts forecast that Peabody Energy Corporation will post 0.33 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

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

Wall Street Analyst Weigh In

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

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.