Peabody Energy (NYSE:BTU) Price Target Raised to $34.00 at B. Riley

Peabody Energy (NYSE:BTU) had its price target upped by B. Riley from $32.00 to $34.00 in a report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the coal producer’s stock.

Peabody Energy Price Performance

NYSE BTU opened at $22.70 on Tuesday. Peabody Energy has a 1 year low of $20.21 and a 1 year high of $27.24. The company has a fifty day simple moving average of $22.40 and a 200 day simple moving average of $23.12. The company has a current ratio of 2.49, a quick ratio of 1.92 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.89 billion, a P/E ratio of 6.32 and a beta of 0.95.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (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 analysts’ expectations of $1 billion. On average, sell-side analysts predict that Peabody Energy will post 3.11 EPS for the current year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were paid a $0.075 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.30 annualized dividend and a dividend yield of 1.32%. Peabody Energy’s payout ratio is 8.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP increased its stake in 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 during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Peabody Energy by 552.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 166,651 shares of the coal producer’s stock valued at $4,043,000 after purchasing an additional 141,118 shares in the last quarter. SG Americas Securities LLC lifted its position in Peabody Energy by 227.0% in the first quarter. SG Americas Securities LLC now owns 33,699 shares of the coal producer’s stock worth $818,000 after purchasing an additional 23,393 shares during the period. Vanguard Group Inc. boosted its stake in Peabody Energy by 21.5% during the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after buying an additional 2,473,286 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Peabody Energy in the 4th quarter valued at $5,208,000. Institutional investors own 87.44% of the company’s stock.

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.