Mountain Lake Investment Management LLC Makes New $482,000 Investment in Peabody Energy Co. (NYSE:BTU)

Mountain Lake Investment Management LLC purchased a new stake in Peabody Energy Co. (NYSE:BTU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,000 shares of the coal producer’s stock, valued at approximately $482,000. Peabody Energy makes up 0.6% of Mountain Lake Investment Management LLC’s holdings, making the stock its 25th biggest position.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC boosted its stake in shares of Peabody Energy by 9.7% during the third quarter. FMR LLC now owns 6,897 shares of the coal producer’s stock valued at $183,000 after acquiring an additional 611 shares during the last quarter. Byrne Asset Management LLC boosted its stake in shares of Peabody Energy by 63.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer’s stock valued at $37,000 after acquiring an additional 680 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Peabody Energy by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,556 shares of the coal producer’s stock worth $514,000 after buying an additional 885 shares during the last quarter. Larson Financial Group LLC boosted its stake in Peabody Energy by 43.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,350 shares of the coal producer’s stock worth $89,000 after buying an additional 1,008 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Peabody Energy by 69.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the coal producer’s stock worth $74,000 after buying an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BTU shares. Jefferies Financial Group decreased their price target 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 decreased their price target 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 raised 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.

Peabody Energy Price Performance

Shares of NYSE BTU opened at $16.22 on Friday. Peabody Energy Co. has a twelve month low of $15.79 and a twelve month high of $29.94. The company has a current ratio of 2.15, a quick ratio of 1.75 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 6.01 and a beta of 0.95. The business has a 50 day simple moving average of $19.38 and a 200-day simple moving average of $22.62.

Peabody Energy (NYSE:BTU) last released its quarterly 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%. As a group, equities research analysts expect that Peabody Energy Co. will post 2.34 earnings per share for the current year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 19th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, February 19th. Peabody Energy’s payout ratio is currently 11.11%.

Peabody Energy 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.