Peabody Energy (NYSE:BTU) Price Target Raised to $26.00

Peabody Energy (NYSE:BTU) had its price target lifted by BMO Capital Markets from $25.00 to $26.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a market perform rating on the coal producer’s stock.

Separately, B. Riley upped their target price on shares of Peabody Energy from $32.00 to $34.00 and gave the company a buy rating in a research report on Tuesday, September 17th.

Peabody Energy Trading Up 0.6 %

Shares of BTU traded up $0.15 during trading hours on Thursday, hitting $26.92. 406,032 shares of the stock traded hands, compared to its average volume of 3,040,594. The business has a fifty day moving average of $23.23 and a 200-day moving average of $23.13. The firm has a market capitalization of $3.39 billion, a PE ratio of 6.94 and a beta of 0.96. Peabody Energy has a 1-year low of $20.21 and a 1-year 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.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.90. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. Analysts expect that Peabody Energy will post 2.98 EPS for the current year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, August 15th. Peabody Energy’s payout ratio is presently 7.77%.

Institutional Trading of Peabody Energy

Hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its position in Peabody Energy by 15.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 20,293 shares of the coal producer’s stock valued at $539,000 after acquiring an additional 2,665 shares in the last quarter. Cypress Wealth Services LLC acquired a new stake in shares of Peabody Energy in the 3rd quarter valued at approximately $204,000. GAMMA Investing LLC grew its position in shares of Peabody Energy by 292.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock valued at $55,000 after acquiring an additional 1,533 shares during the period. SG Americas Securities LLC grew its holdings in Peabody Energy by 163.1% during the third quarter. SG Americas Securities LLC now owns 15,363 shares of the coal producer’s stock worth $408,000 after purchasing an additional 9,523 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Peabody Energy during the 2nd quarter worth approximately $768,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

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.