Graham Capital Wealth Management LLC Takes $253,000 Position in Peabody Energy Co. (NYSE:BTU)

Graham Capital Wealth Management LLC acquired a new position in Peabody Energy Co. (NYSE:BTU) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,528 shares of the coal producer’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Peabody Energy by 552.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 166,651 shares of the coal producer’s stock valued at $4,043,000 after purchasing an additional 141,118 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Peabody Energy by 227.0% during the 1st quarter. SG Americas Securities LLC now owns 33,699 shares of the coal producer’s stock valued at $818,000 after acquiring an additional 23,393 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Peabody Energy by 21.5% in the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after acquiring an additional 2,473,286 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Peabody Energy during the first quarter valued at approximately $1,019,000. Finally, Texas Permanent School Fund Corp purchased a new position in shares of Peabody Energy during the first quarter valued at approximately $2,338,000. 87.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th. B. Riley upped their price objective on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th.

Peabody Energy Stock Performance

BTU stock traded down $0.04 during midday trading on Friday, reaching $24.40. 1,615,036 shares of the company’s stock traded hands, compared to its average volume of 2,989,375. The stock’s 50-day moving average is $24.02 and its 200 day moving average is $23.26. The stock has a market cap of $3.11 billion, a P/E ratio of 6.80 and a beta of 0.96. Peabody Energy Co. has a 52-week low of $20.21 and a 52-week high of $27.24. The company has a current ratio of 2.49, a quick ratio of 1.92 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.90. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. As a group, analysts anticipate that Peabody Energy Co. will post 2.98 EPS for the current year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, August 15th. Peabody Energy’s dividend payout ratio is currently 8.36%.

Peabody Energy Company 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.