Peabody Energy (NYSE:BTU) Shares Up 7%

Peabody Energy Co. (NYSE:BTU)’s share price shot up 7% on Monday . The company traded as high as $23.90 and last traded at $23.67. 560,157 shares were traded during trading, a decline of 83% from the average session volume of 3,241,921 shares. The stock had previously closed at $22.12.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BTU. 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 note on Friday, May 3rd. B. Riley dropped their price objective on Peabody Energy from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Benchmark restated a “buy” rating and set a $28.00 price objective on shares of Peabody Energy in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.25.

Peabody Energy Trading Down 1.2 %

The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 6.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.36. The firm has a fifty day moving average of $22.90 and a 200-day moving average of $24.12.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Peabody Energy had a return on equity of 14.98% and a net margin of 11.62%. The firm had revenue of $983.60 million during the quarter, compared to the consensus estimate of $980.03 million. During the same period in the prior year, the firm earned $1.69 EPS. The firm’s quarterly revenue was down 27.9% compared to the same quarter last year. As a group, equities analysts predict that Peabody Energy Co. will post 2.22 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.28%. Peabody Energy’s dividend payout ratio is presently 8.36%.

Institutional Trading of Peabody Energy

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP grew its stake in shares of Peabody Energy by 32.3% during the fourth quarter. GSA Capital Partners LLP now owns 134,193 shares of the coal producer’s stock valued at $3,264,000 after acquiring an additional 32,775 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Peabody Energy during the fourth quarter valued at about $5,208,000. Rheos Capital Works Inc. grew its stake in shares of Peabody Energy by 189.8% during the first quarter. Rheos Capital Works Inc. now owns 579,500 shares of the coal producer’s stock valued at $14,059,000 after acquiring an additional 379,500 shares in the last quarter. Symmetry Investments LP acquired a new stake in shares of Peabody Energy during the fourth quarter valued at about $1,051,000. Finally, SG Americas Securities LLC grew its stake in shares of Peabody Energy by 47.5% during the fourth quarter. SG Americas Securities LLC now owns 10,306 shares of the coal producer’s stock valued at $251,000 after acquiring an additional 3,321 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.