Intech Investment Management LLC Has $2.45 Million Stake in Peabody Energy Corporation $BTU

Intech Investment Management LLC lifted its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 143.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,432 shares of the coal producer’s stock after purchasing an additional 48,580 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Peabody Energy worth $2,448,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Peabody Energy during the fourth quarter worth approximately $90,603,000. RFG Advisory LLC acquired a new position in shares of Peabody Energy during the third quarter worth approximately $772,000. American Century Companies Inc. lifted its holdings in Peabody Energy by 8.7% in the third quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer’s stock valued at $117,363,000 after buying an additional 354,099 shares during the period. Assenagon Asset Management S.A. acquired a new position in Peabody Energy in the fourth quarter valued at approximately $8,345,000. Finally, Envestnet Asset Management Inc. acquired a new position in Peabody Energy in the third quarter valued at approximately $8,552,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Trading Up 1.6%

Shares of NYSE BTU opened at $30.08 on Thursday. Peabody Energy Corporation has a fifty-two week low of $12.58 and a fifty-two week high of $41.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.37. The firm has a market capitalization of $3.66 billion, a P/E ratio of -30.39 and a beta of 0.36. The company’s 50 day simple moving average is $28.26 and its 200 day simple moving average is $30.97.

Peabody Energy (NYSE:BTU) last issued its earnings results on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.40). Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The firm had revenue of $973.30 million during the quarter, compared to the consensus estimate of $977.42 million. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that Peabody Energy Corporation will post 0.48 EPS for the current year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, May 19th. Peabody Energy’s dividend payout ratio is presently -30.30%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BTU. Zacks Research lowered shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Peabody Energy in a report on Wednesday, May 20th. UBS Group cut their price objective on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, B. Riley Financial lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $42.00 to $30.00 in a report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.13.

Peabody Energy Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.