Teacher Retirement System of Texas boosted its position in shares of Peabody Energy Co. (NYSE:BTU – Get Rating) by 90.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,596 shares of the coal producer’s stock after buying an additional 15,004 shares during the period. Teacher Retirement System of Texas’ holdings in Peabody Energy were worth $835,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in BTU. Ronald Blue Trust Inc. purchased a new stake in Peabody Energy during the 4th quarter worth $38,000. Macquarie Group Ltd. bought a new stake in shares of Peabody Energy during the second quarter worth $33,000. Neo Ivy Capital Management acquired a new stake in shares of Peabody Energy during the 3rd quarter worth about $81,000. Captrust Financial Advisors grew its holdings in shares of Peabody Energy by 104.5% during the 1st quarter. Captrust Financial Advisors now owns 4,208 shares of the coal producer’s stock valued at $103,000 after purchasing an additional 2,150 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Peabody Energy by 152.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,639 shares of the coal producer’s stock valued at $123,000 after purchasing an additional 2,800 shares in the last quarter. 77.87% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BTU has been the subject of a number of research analyst reports. B. Riley dropped their price target on Peabody Energy from $39.00 to $29.00 in a research note on Monday, May 1st. Benchmark increased their price objective on Peabody Energy from $31.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, February 15th.
Peabody Energy Trading Up 1.1 %
Peabody Energy (NYSE:BTU – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The coal producer reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.23 billion. Peabody Energy had a net margin of 29.80% and a return on equity of 48.04%. The firm’s revenue was up 97.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.51 EPS. As a group, sell-side analysts anticipate that Peabody Energy Co. will post 5.63 earnings per share for the current fiscal year.
Peabody Energy Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Thursday, May 11th were paid a $0.075 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $0.30 dividend on an annualized basis and a yield of 1.50%. Peabody Energy’s dividend payout ratio is currently 2.87%.
Peabody Energy declared that its Board of Directors has authorized a share repurchase plan on Monday, April 17th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the coal producer to buy up to 26.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Peabody Energy Profile
Peabody Energy Corp. engages in the business of coal mining. It operates through the following business segments: Powder River Basin, Midwestern U.S., Western U.S., Seaborne Metallurgical, Seaborne Thermal Mining and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.
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