Peabody Energy (NYSE:BTU) Hits New 52-Week Low at $20.26

Peabody Energy Co. (NYSE:BTU)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.26 and last traded at $20.89, with a volume of 451587 shares traded. The stock had previously closed at $22.03.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BTU shares. Benchmark restated a “buy” rating and issued a $28.00 price target on shares of Peabody Energy in a report on Friday, May 3rd. B. Riley increased their price target on Peabody Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday. Finally, BMO Capital Markets lowered their price target on Peabody Energy from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Friday, May 3rd.

Peabody Energy Stock Performance

The firm has a market capitalization of $2.72 billion, a P/E ratio of 6.14 and a beta of 0.97. The stock has a fifty day moving average of $22.94 and a 200-day moving average of $23.85. The company has a quick ratio of 1.86, a current ratio of 2.49 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, May 2nd. The coal producer reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $983.60 million during the quarter, compared to analysts’ expectations of $980.03 million. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. The business’s revenue was down 27.9% on a year-over-year basis. During the same period last year, the firm posted $1.69 earnings per share. On average, research analysts anticipate that Peabody Energy Co. will post 2.51 EPS for the current year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.30 annualized dividend and a yield of 1.40%. Peabody Energy’s payout ratio is currently 8.36%.

Institutional Trading of Peabody Energy

Several hedge funds have recently added to or reduced their stakes in the company. Privium Fund Management UK Ltd increased its stake in Peabody Energy by 300.0% during the 2nd quarter. Privium Fund Management UK Ltd now owns 53,813 shares of the coal producer’s stock worth $1,264,000 after acquiring an additional 40,361 shares during the period. Rhumbline Advisers increased its stake in Peabody Energy by 5.0% during the 2nd quarter. Rhumbline Advisers now owns 313,499 shares of the coal producer’s stock worth $6,935,000 after acquiring an additional 14,806 shares during the period. Privium Fund Management B.V. increased its stake in Peabody Energy by 41.9% during the 2nd quarter. Privium Fund Management B.V. now owns 15,240 shares of the coal producer’s stock worth $358,000 after acquiring an additional 4,500 shares during the period. Innealta Capital LLC bought a new position in Peabody Energy during the 2nd quarter worth $151,000. Finally, Arkadios Wealth Advisors bought a new position in Peabody Energy during the 2nd quarter worth $364,000. 87.44% of the stock is 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.