1,351 Shares in Peabody Energy Co. (NYSE:BTU) Bought by Financial Management Professionals Inc.

Financial Management Professionals Inc. acquired a new stake in shares of Peabody Energy Co. (NYSE:BTU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,351 shares of the coal producer’s stock, valued at approximately $36,000.

Several other institutional investors have also bought and sold shares of BTU. Allspring Global Investments Holdings LLC lifted its position in Peabody Energy by 552.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 166,651 shares of the coal producer’s stock valued at $4,043,000 after purchasing an additional 141,118 shares during the last quarter. Denali Advisors LLC lifted its position in Peabody Energy by 11.7% during the first quarter. Denali Advisors LLC now owns 113,225 shares of the coal producer’s stock valued at $2,747,000 after purchasing an additional 11,825 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Peabody Energy by 97.3% during the first quarter. State of Alaska Department of Revenue now owns 136,120 shares of the coal producer’s stock valued at $3,301,000 after purchasing an additional 67,141 shares during the last quarter. Maryland State Retirement & Pension System bought a new position in Peabody Energy during the first quarter valued at $974,000. Finally, Privium Fund Management B.V. lifted its position in Peabody Energy by 16.1% during the first quarter. Privium Fund Management B.V. now owns 10,740 shares of the coal producer’s stock valued at $261,000 after purchasing an additional 1,488 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. B. Riley lifted their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

Peabody Energy Price Performance

BTU stock opened at $24.40 on Monday. Peabody Energy Co. has a 12 month low of $20.21 and a 12 month high of $27.24. The company has a current ratio of 2.49, a quick ratio of 1.92 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $24.02 and a 200 day moving average price of $23.26. The stock has a market cap of $3.11 billion, a PE ratio of 6.80 and a beta of 0.96.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.90. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Equities research analysts anticipate that Peabody Energy Co. will post 2.98 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a yield of 1.23%. Peabody Energy’s payout ratio is 8.36%.

About Peabody Energy

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.