Marnell Management LLC Takes Position in Peabody Energy Corporation $BTU

Marnell Management LLC bought a new position in Peabody Energy Corporation (NYSE:BTU) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 22,757 shares of the coal producer’s stock, valued at approximately $676,000.

A number of other institutional investors also recently bought and sold shares of BTU. Smartleaf Asset Management LLC boosted its stake in Peabody Energy by 104.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock worth $25,000 after purchasing an additional 1,024 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Peabody Energy in the 4th quarter worth approximately $37,000. Basepoint Wealth LLC acquired a new stake in Peabody Energy in the 4th quarter worth approximately $57,000. International Assets Investment Management LLC acquired a new stake in Peabody Energy in the 4th quarter worth approximately $59,000. Finally, Caitlin John LLC acquired a new stake in Peabody Energy in the 3rd quarter worth approximately $61,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on BTU shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Peabody Energy in a research note on Wednesday, May 20th. UBS Group lowered their target price on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, B. Riley Financial cut shares of Peabody Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $42.00 to $30.00 in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Peabody Energy currently has an average rating of “Hold” and an average price target of $34.13.

Peabody Energy Price Performance

Peabody Energy stock opened at $27.32 on Monday. The company’s fifty day moving average price is $27.07 and its 200 day moving average price is $30.98. Peabody Energy Corporation has a 1 year low of $12.58 and a 1 year high of $41.14. The stock has a market capitalization of $3.33 billion, a P/E ratio of -27.59 and a beta of 0.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 1.87.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $973.30 million during the quarter, compared to analyst estimates of $977.42 million. During the same period in the prior year, the business posted $0.27 EPS. Peabody Energy’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Peabody Energy Corporation will post 0.48 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 19th were paid a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.1%. Peabody Energy’s dividend payout ratio (DPR) is currently -30.30%.

Peabody Energy Company 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.