Moran Wealth Management LLC Increases Position in Peabody Energy Corporation (NYSE:BTU)

Moran Wealth Management LLC boosted its holdings in shares of Peabody Energy Corporation (NYSE:BTU) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,328 shares of the coal producer’s stock after acquiring an additional 6,288 shares during the period. Moran Wealth Management LLC’s holdings in Peabody Energy were worth $777,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BTU. Summit Investment Advisors Inc. grew its stake in shares of Peabody Energy by 5.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 13,234 shares of the coal producer’s stock valued at $277,000 after buying an additional 693 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Peabody Energy by 167.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer’s stock valued at $25,000 after buying an additional 744 shares during the period. Altshuler Shaham Ltd grew its stake in shares of Peabody Energy by 45.0% in the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer’s stock valued at $61,000 after buying an additional 900 shares during the period. BOKF NA grew its stake in shares of Peabody Energy by 5.0% in the 4th quarter. BOKF NA now owns 22,236 shares of the coal producer’s stock valued at $466,000 after buying an additional 1,050 shares during the period. Finally, Quarry LP purchased a new stake in shares of Peabody Energy in the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BTU. Benchmark dropped their price target on shares of Peabody Energy from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. B. Riley dropped their price target on shares of Peabody Energy from $27.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, April 11th.

Peabody Energy Stock Performance

NYSE:BTU opened at $12.77 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.77 and a current ratio of 2.36. The stock has a market capitalization of $1.55 billion, a P/E ratio of 4.76 and a beta of 0.53. The company has a 50 day moving average price of $13.54 and a 200 day moving average price of $15.42. Peabody Energy Corporation has a fifty-two week low of $9.61 and a fifty-two week high of $29.94.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.20. The firm had revenue of $937.00 million during the quarter, compared to analysts’ expectations of $976.57 million. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. Equities research analysts forecast that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a yield of 2.35%. Peabody Energy’s dividend payout ratio (DPR) is presently 11.19%.

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.