Denali Advisors LLC Raises Stock Position in Peabody Energy Co. (NYSE:BTU)

Denali Advisors LLC boosted its holdings in Peabody Energy Co. (NYSE:BTU) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 151,111 shares of the coal producer’s stock after buying an additional 3,329 shares during the period. Denali Advisors LLC owned 0.12% of Peabody Energy worth $3,164,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BTU. Creative Planning boosted its holdings in shares of Peabody Energy by 62.7% during the 3rd quarter. Creative Planning now owns 17,757 shares of the coal producer’s stock valued at $471,000 after purchasing an additional 6,844 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Peabody Energy by 139.9% during the 3rd quarter. Blue Trust Inc. now owns 2,756 shares of the coal producer’s stock valued at $73,000 after purchasing an additional 1,607 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Peabody Energy by 14.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 60,900 shares of the coal producer’s stock valued at $1,616,000 after purchasing an additional 7,700 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Peabody Energy by 7.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 140,824 shares of the coal producer’s stock valued at $3,736,000 after purchasing an additional 9,803 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Peabody Energy by 69.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the coal producer’s stock valued at $74,000 after purchasing an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Benchmark dropped their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a report on Friday, February 7th. Jefferies Financial Group dropped their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, BMO Capital Markets raised shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Monday, December 16th.

Peabody Energy Price Performance

Shares of Peabody Energy stock opened at $14.42 on Wednesday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 5.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. The stock has a 50 day moving average price of $18.42 and a 200-day moving average price of $22.29. Peabody Energy Co. has a one year low of $14.30 and a one year high of $29.94.

Peabody Energy (NYSE:BTU) last released its earnings results on Thursday, February 6th. The coal producer reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. Equities analysts expect that Peabody Energy Co. will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, February 19th. Peabody Energy’s dividend payout ratio is currently 11.11%.

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.