Peabody Energy (NYSE:BTU) Shares Gap Up to $22.56

Peabody Energy Co. (NYSE:BTU) shares gapped up before the market opened on Wednesday . The stock had previously closed at $22.56, but opened at $23.50. Peabody Energy shares last traded at $24.18, with a volume of 1,006,641 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BTU shares. Benchmark restated a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a research report on Friday, May 3rd. BMO Capital Markets reduced their price target on Peabody Energy from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Finally, B. Riley lifted their price objective on Peabody Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd.

Peabody Energy Trading Up 4.1 %

The stock has a market capitalization of $2.99 billion, a P/E ratio of 6.76 and a beta of 0.97. The stock has a 50-day moving average price of $22.55 and a two-hundred day moving average price of $23.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.49.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be given a $0.075 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.28%. Peabody Energy’s dividend payout ratio is currently 8.36%.

Institutional Investors Weigh In On Peabody Energy

Several hedge funds have recently made changes to their positions in the company. Algert Global LLC bought a new stake in shares of Peabody Energy during the second quarter valued at approximately $272,000. Scientech Research LLC bought a new stake in shares of Peabody Energy during the second quarter valued at approximately $229,000. Mackenzie Financial Corp raised its stake in Peabody Energy by 7.6% during the second quarter. Mackenzie Financial Corp now owns 10,023 shares of the coal producer’s stock valued at $222,000 after buying an additional 709 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Peabody Energy by 6.2% during the second quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the coal producer’s stock valued at $1,655,000 after buying an additional 4,394 shares during the last quarter. Finally, Maverick Capital Ltd. raised its stake in Peabody Energy by 91.4% during the second quarter. Maverick Capital Ltd. now owns 70,674 shares of the coal producer’s stock valued at $1,563,000 after buying an additional 33,758 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

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.