Allspring Global Investments Holdings LLC Grows Stake in Peabody Energy Corporation $BTU

Allspring Global Investments Holdings LLC grew its position in Peabody Energy Corporation (NYSE:BTUFree Report) by 59.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,550 shares of the coal producer’s stock after buying an additional 79,971 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Peabody Energy were worth $7,050,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Valued Wealth Advisors LLC acquired a new position in shares of Peabody Energy in the first quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Peabody Energy during the 4th quarter worth about $37,000. Basepoint Wealth LLC purchased a new position in Peabody Energy during the fourth quarter worth approximately $57,000. International Assets Investment Management LLC purchased a new position in shares of Peabody Energy in the 4th quarter worth $59,000. Finally, Silver Grove Financial Group Inc. purchased a new position in shares of Peabody Energy in the 4th quarter worth about $59,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Peabody Energy

Here are the key news stories impacting Peabody Energy this week:

Peabody Energy Price Performance

NYSE:BTU opened at $23.83 on Friday. 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 business’s 50-day moving average price is $24.89 and its 200 day moving average price is $29.86. Peabody Energy Corporation has a 52-week low of $14.25 and a 52-week high of $41.14. The firm has a market cap of $2.90 billion, a P/E ratio of -24.07 and a beta of 0.38.

Peabody Energy (NYSE:BTUGet Free Report) last released its earnings results on Tuesday, May 5th. The coal producer reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.40). The business had revenue of $973.30 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. As a group, sell-side analysts predict that Peabody Energy Corporation will post 0.48 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 19th were issued a $0.075 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.3%. Peabody Energy’s dividend payout ratio is presently -30.30%.

Analysts Set New Price Targets

BTU has been the topic of several research reports. UBS Group cut their price objective on Peabody Energy from $32.00 to $30.50 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings cut Peabody Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, B. Riley Financial downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $30.00 in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.12.

Get Our Latest Stock Analysis on Peabody Energy

Peabody Energy Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Peabody Energy Corporation (NYSE:BTUFree Report).

Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.