Bridgeway Capital Management LLC Buys 45,218 Shares of Peabody Energy Corporation $BTU

Bridgeway Capital Management LLC lifted its stake in shares of Peabody Energy Corporation (NYSE:BTU) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847,020 shares of the coal producer’s stock after acquiring an additional 45,218 shares during the quarter. Peabody Energy makes up 0.5% of Bridgeway Capital Management LLC’s holdings, making the stock its 21st biggest holding. Bridgeway Capital Management LLC owned about 0.70% of Peabody Energy worth $25,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Apis Capital Advisors LLC bought a new position in shares of Peabody Energy during the fourth quarter worth about $9,207,000. Guggenheim Capital LLC raised its position in shares of Peabody Energy by 12.2% during the fourth quarter. Guggenheim Capital LLC now owns 15,120 shares of the coal producer’s stock worth $449,000 after acquiring an additional 1,641 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Peabody Energy during the fourth quarter worth about $325,000. Integrated Advisors Network LLC raised its position in shares of Peabody Energy by 19.0% during the fourth quarter. Integrated Advisors Network LLC now owns 235,541 shares of the coal producer’s stock worth $6,996,000 after acquiring an additional 37,580 shares during the last quarter. Finally, PDT Partners LLC raised its position in shares of Peabody Energy by 485.3% during the fourth quarter. PDT Partners LLC now owns 72,060 shares of the coal producer’s stock worth $2,140,000 after acquiring an additional 59,749 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BTU has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Peabody Energy in a research report on Wednesday, May 20th. B. Riley Financial cut Peabody Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $42.00 to $30.00 in a research note on Thursday, April 30th. Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, UBS Group decreased their target price on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Peabody Energy presently has a consensus rating of “Hold” and a consensus target price of $34.13.

Peabody Energy Stock Up 0.4%

BTU stock opened at $25.58 on Thursday. Peabody Energy Corporation has a twelve month low of $12.58 and a twelve month high of $41.14. The company has a quick ratio of 1.37, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $26.61 and its 200-day moving average is $30.96. The firm has a market capitalization of $3.12 billion, a PE ratio of -25.84 and a beta of 0.36.

Peabody Energy (NYSE:BTU) last posted its earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.40). The company had revenue of $973.30 million during the quarter, compared to the consensus estimate of $977.42 million. Peabody Energy had a negative net margin of 3.07% and a negative return on equity of 2.80%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Sell-side analysts expect that Peabody Energy Corporation will post 0.48 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 19th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, May 19th. Peabody Energy’s dividend payout ratio (DPR) is -30.30%.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.