Peabody Energy Co. (NYSE:BTU) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 105.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 646,152 shares of the coal producer’s stock after purchasing an additional 331,759 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.53% of Peabody Energy worth $13,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its position in Peabody Energy by 265,937.3% during the third quarter. Pacer Advisors Inc. now owns 8,023,686 shares of the coal producer’s stock valued at $212,949,000 after purchasing an additional 8,020,670 shares during the period. State Street Corp lifted its position in Peabody Energy by 7.6% during the third quarter. State Street Corp now owns 7,631,707 shares of the coal producer’s stock valued at $202,546,000 after purchasing an additional 540,219 shares during the period. Progeny 3 Inc. lifted its position in Peabody Energy by 1.6% during the third quarter. Progeny 3 Inc. now owns 3,580,014 shares of the coal producer’s stock valued at $95,014,000 after purchasing an additional 56,280 shares during the period. Geode Capital Management LLC lifted its position in Peabody Energy by 8.0% during the third quarter. Geode Capital Management LLC now owns 2,918,536 shares of the coal producer’s stock valued at $77,473,000 after purchasing an additional 216,887 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Peabody Energy by 9.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,422,400 shares of the coal producer’s stock valued at $29,785,000 after purchasing an additional 125,372 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on BTU. Jefferies Financial Group decreased their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, January 6th. BMO Capital Markets upgraded 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 research report on Monday, December 16th. Finally, Benchmark decreased their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, February 7th.

Peabody Energy Trading Up 2.7 %

Shares of Peabody Energy stock opened at $13.36 on Friday. The company has a market cap of $1.62 billion, a P/E ratio of 4.95 and a beta of 0.94. The firm has a 50-day simple moving average of $16.50 and a two-hundred day simple moving average of $21.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. Peabody Energy Co. has a fifty-two week low of $12.15 and a fifty-two week high of $29.94.

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

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.25%. Peabody Energy’s dividend payout ratio is currently 11.11%.

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.