Signition LP Invests $328,000 in Peabody Energy Co. (BTU)
Signition LP purchased a new stake in Peabody Energy Co. (NYSE:BTU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,220 shares of the coal producer’s stock, valued at approximately $328,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BTU. Asset Management One Co. Ltd. acquired a new stake in shares of Peabody Energy in the first quarter valued at approximately $178,000. First Quadrant L P CA raised its position in shares of Peabody Energy by 51.3% in the second quarter. First Quadrant L P CA now owns 3,910 shares of the coal producer’s stock valued at $178,000 after buying an additional 1,325 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Peabody Energy in the second quarter valued at approximately $211,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Peabody Energy in the first quarter valued at approximately $226,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Peabody Energy by 45.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,612 shares of the coal producer’s stock valued at $241,000 after buying an additional 2,073 shares in the last quarter. Institutional investors own 99.50% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research report on Friday, June 8th. MKM Partners reiterated a “buy” rating and issued a $53.00 price target on shares of Peabody Energy in a research report on Wednesday, June 6th. B. Riley lifted their price target on shares of Peabody Energy from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Finally, ValuEngine downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $45.33.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Tuesday, July 24th. The coal producer reported $0.93 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.12). Peabody Energy had a net margin of 15.71% and a return on equity of 24.59%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts anticipate that Peabody Energy Co. will post 3.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 23rd. Shareholders of record on Thursday, August 2nd will be given a dividend of $0.125 per share. This is an increase from Peabody Energy’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, August 1st.
Peabody Energy Profile
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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