Byrne Asset Management LLC Buys 680 Shares of Peabody Energy Co. (NYSE:BTU)

Byrne Asset Management LLC increased its position in Peabody Energy Co. (NYSE:BTU) by 63.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,755 shares of the coal producer’s stock after purchasing an additional 680 shares during the quarter. Byrne Asset Management LLC’s holdings in Peabody Energy were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BTU. Financial Management Professionals Inc. acquired a new stake in shares of Peabody Energy during the 3rd quarter valued at about $36,000. Harbor Capital Advisors Inc. acquired a new stake in Peabody Energy during the third quarter valued at approximately $43,000. GAMMA Investing LLC grew its stake in shares of Peabody Energy by 292.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock valued at $55,000 after purchasing an additional 1,533 shares during the period. Blue Trust Inc. raised its holdings in shares of Peabody Energy by 139.9% in the 3rd quarter. Blue Trust Inc. now owns 2,756 shares of the coal producer’s stock worth $73,000 after buying an additional 1,607 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Peabody Energy by 69.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the coal producer’s stock valued at $74,000 after buying an additional 1,151 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BTU. BMO Capital Markets upgraded Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Monday, December 16th. Jefferies Financial Group reduced their price target on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Benchmark cut their target price on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Friday.

Peabody Energy Trading Down 2.7 %

Shares of NYSE BTU opened at $15.91 on Friday. Peabody Energy Co. has a 1-year low of $15.79 and a 1-year high of $29.94. The company has a 50-day moving average of $20.16 and a two-hundred day moving average of $22.84. The company has a market cap of $1.93 billion, a PE ratio of 4.21 and a beta of 0.95. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Thursday, February 6th. The coal producer reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. As a group, equities analysts expect that Peabody Energy Co. will post 2.89 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 19th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, February 19th. Peabody Energy’s dividend payout ratio (DPR) is presently 7.94%.

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.