Peabody Energy Corporation $BTU Shares Bought by Assenagon Asset Management S.A.

by · The Markets Daily

Assenagon Asset Management S.A. lifted its holdings in Peabody Energy Corporation (NYSE:BTU – Free Report) by 331.2% in the 1st quarter, HoldingsChannel reports. The firm owned 1,211,411 shares of the coal producer’s stock after purchasing an additional 930,451 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Peabody Energy were worth $39,916,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BTU. Vanguard Group Inc. raised its stake in shares of Peabody Energy by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 15,135,096 shares of the coal producer’s stock valued at $449,512,000 after purchasing an additional 1,191,438 shares in the last quarter. State Street Corp grew its position in Peabody Energy by 3.3% in the 4th quarter. State Street Corp now owns 9,532,978 shares of the coal producer’s stock valued at $283,129,000 after buying an additional 306,187 shares in the last quarter. American Century Companies Inc. increased its stake in Peabody Energy by 8.7% during the 3rd quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer’s stock valued at $117,363,000 after buying an additional 354,099 shares during the period. Progeny 3 Inc. increased its stake in Peabody Energy by 0.5% during the 2nd quarter. Progeny 3 Inc. now owns 3,916,934 shares of the coal producer’s stock valued at $52,565,000 after buying an additional 18,920 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in Peabody Energy during the 4th quarter valued at about $90,603,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Zacks Research lowered shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings cut Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Finally, B. Riley Financial lowered Peabody Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $42.00 to $30.00 in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.12.

Check Out Our Latest Stock Analysis on BTU

Peabody Energy Stock Performance

Shares of BTU opened at $23.73 on Friday. The firm’s 50 day moving average is $26.03 and its 200-day moving average is $30.78. The stock has a market capitalization of $2.89 billion, a P/E ratio of -23.97 and a beta of 0.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.37. Peabody Energy Corporation has a 12-month low of $12.60 and a 12-month high of $41.14.

Peabody Energy (NYSE:BTU – Get Free Report) last released its earnings results on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.40). Peabody Energy had a negative return on equity of 2.80% and a negative net margin of 3.07%.The business had revenue of $973.30 million during the quarter, compared to the consensus estimate of $977.42 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Peabody Energy Corporation will post 0.48 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 19th were issued a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. Peabody Energy’s dividend payout ratio is currently -30.30%.

Peabody Energy Company Profile

(Free Report)

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.

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