Benchmark Has Lowered Expectations for Peabody Energy (NYSE:BTU) Stock Price

Peabody Energy (NYSE:BTU) had its price objective trimmed by Benchmark from $26.00 to $23.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the coal producer’s stock.

Separately, B. Riley decreased their price target on shares of Peabody Energy from $27.00 to $19.00 and set a “buy” rating for the company in a report on Friday, April 11th.

Peabody Energy Trading Up 0.5 %

NYSE BTU opened at $14.23 on Wednesday. The firm’s 50 day moving average price is $12.94 and its two-hundred day moving average price is $18.22. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 5.27 and a beta of 0.49. Peabody Energy has a twelve month low of $9.61 and a twelve month high of $29.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.20. The business had revenue of $937.00 million for the quarter, compared to the consensus estimate of $976.57 million. Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. Peabody Energy’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities analysts anticipate that Peabody Energy will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 15th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 15th. Peabody Energy’s payout ratio is presently 11.11%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Peabody Energy by 144.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,951 shares of the coal producer’s stock worth $83,000 after buying an additional 2,333 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Peabody Energy during the fourth quarter worth $3,474,000. Rhumbline Advisers lifted its holdings in shares of Peabody Energy by 2.4% during the fourth quarter. Rhumbline Advisers now owns 327,601 shares of the coal producer’s stock valued at $6,860,000 after acquiring an additional 7,586 shares during the period. Elevate Capital Advisors LLC bought a new stake in shares of Peabody Energy in the 4th quarter worth about $1,889,000. Finally, Sanctuary Advisors LLC increased its position in shares of Peabody Energy by 15.7% during the 4th quarter. Sanctuary Advisors LLC now owns 43,766 shares of the coal producer’s stock worth $916,000 after purchasing an additional 5,940 shares in the last quarter. 87.44% of the stock is currently 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.