Janney Montgomery Scott LLC Has $371,000 Stock Position in Peabody Energy Corporation (NYSE:BTU)

Janney Montgomery Scott LLC raised its stake in Peabody Energy Corporation (NYSE:BTU) by 11.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,356 shares of the coal producer’s stock after acquiring an additional 2,800 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Peabody Energy were worth $371,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Peabody Energy by 9.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,422,400 shares of the coal producer’s stock worth $29,785,000 after purchasing an additional 125,372 shares during the period. US Bancorp DE increased its position in Peabody Energy by 120.2% during the 4th quarter. US Bancorp DE now owns 4,289 shares of the coal producer’s stock worth $90,000 after buying an additional 2,341 shares during the period. Smartleaf Asset Management LLC increased its position in Peabody Energy by 167.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer’s stock worth $25,000 after buying an additional 744 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Peabody Energy by 144.2% during the fourth 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. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Peabody Energy by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,400,044 shares of the coal producer’s stock valued at $29,317,000 after acquiring an additional 11,363 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Peabody Energy Stock Down 1.4%

Shares of NYSE BTU opened at $14.48 on Friday. The stock has a market capitalization of $1.76 billion, a P/E ratio of 5.40 and a beta of 0.52. The stock’s fifty day moving average is $13.70 and its 200 day moving average is $15.08. Peabody Energy Corporation has a 52 week low of $9.61 and a 52 week high of $29.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.77 and a current ratio of 2.36.

Peabody Energy (NYSE:BTU) last released its earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.07 by $0.20. The firm had revenue of $937.00 million for the quarter, compared to analyst estimates of $976.57 million. Peabody Energy had a net margin of 8.73% and a return on equity of 10.05%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Sell-side analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a $0.075 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a yield of 2.07%. Peabody Energy’s dividend payout ratio (DPR) is 11.19%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BTU shares. Benchmark dropped their price objective on shares of Peabody Energy from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. B. Riley lowered their target price on shares of Peabody Energy from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 11th.

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.