Peabody Energy (NYSE:BTU) Stock Price Up 3.6%

Peabody Energy Co. (NYSE:BTU)’s stock price rose 3.6% on Friday . The company traded as high as $23.68 and last traded at $23.62. Approximately 1,903,114 shares were traded during trading, a decline of 37% from the average daily volume of 3,001,627 shares. The stock had previously closed at $22.81.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

Peabody Energy Price Performance

The business’s 50-day moving average price is $22.43 and its 200 day moving average price is $23.08. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.04 billion, a P/E ratio of 6.66 and a beta of 0.95.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.90. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Analysts anticipate that Peabody Energy Co. will post 3.11 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, August 15th. Peabody Energy’s dividend payout ratio is currently 8.36%.

Institutional Investors Weigh In On Peabody Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Peabody Energy by 11,390.0% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after purchasing an additional 1,139 shares in the last quarter. Natixis raised its stake in Peabody Energy by 8,355.0% in the first quarter. Natixis now owns 1,691 shares of the coal producer’s stock valued at $41,000 after purchasing an additional 1,671 shares in the last quarter. TFO Wealth Partners LLC raised its stake in Peabody Energy by 48,475.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,943 shares of the coal producer’s stock valued at $47,000 after purchasing an additional 1,939 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Peabody Energy during the second quarter worth approximately $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Peabody Energy during the second quarter worth approximately $78,000. 87.44% of the stock is owned by hedge funds and other 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.