Bank of New York Mellon Corp Has $29.79 Million Stake in Peabody Energy Co. (NYSE:BTU)

Bank of New York Mellon Corp lifted its position in Peabody Energy Co. (NYSE:BTU) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,422,400 shares of the coal producer’s stock after buying an additional 125,372 shares during the quarter. Bank of New York Mellon Corp owned about 1.17% of Peabody Energy worth $29,785,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in BTU. Convergence Investment Partners LLC acquired a new position in shares of Peabody Energy in the fourth quarter valued at $856,000. D.A. Davidson & CO. bought a new position in Peabody Energy in the fourth quarter valued at about $391,000. CIBC Asset Management Inc boosted its holdings in Peabody Energy by 47.8% in the fourth quarter. CIBC Asset Management Inc now owns 12,135 shares of the coal producer’s stock valued at $254,000 after acquiring an additional 3,927 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Peabody Energy by 15.7% during the fourth quarter. Sanctuary Advisors LLC now owns 43,766 shares of the coal producer’s stock worth $916,000 after buying an additional 5,940 shares during the last quarter. Finally, Mountain Lake Investment Management LLC acquired a new stake in shares of Peabody Energy during the fourth quarter worth about $482,000. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Performance

Shares of NYSE BTU opened at $12.48 on Friday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 4.62 and a beta of 0.94. Peabody Energy Co. has a one year low of $12.15 and a one year high of $29.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68. The stock’s fifty day moving average price is $17.26 and its two-hundred day moving average price is $21.78.

Peabody Energy (NYSE:BTU) last released its earnings results on Thursday, February 6th. The coal producer reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. On average, equities analysts forecast that Peabody Energy Co. will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Wednesday, February 19th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.30 annualized dividend and a dividend yield of 2.40%. Peabody Energy’s dividend payout ratio is currently 11.11%.

Analysts Set New Price Targets

Several equities research analysts have commented on BTU shares. Jefferies Financial Group cut their target price on Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Benchmark dropped their price objective on Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, BMO Capital Markets upgraded Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, December 16th.

About Peabody Energy

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.