Mutual of America Capital Management LLC Has $240,000 Holdings in Peabody Energy Corporation (NYSE:BTU)

Mutual of America Capital Management LLC lessened its stake in Peabody Energy Corporation (NYSE:BTU) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,693 shares of the coal producer’s stock after selling 712 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Peabody Energy were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTU. Bank of Montreal Can increased its position in Peabody Energy by 44.8% in the 4th quarter. Bank of Montreal Can now owns 89,928 shares of the coal producer’s stock valued at $1,883,000 after acquiring an additional 27,820 shares in the last quarter. Invesco Ltd. increased its position in Peabody Energy by 26.5% in the 4th quarter. Invesco Ltd. now owns 788,426 shares of the coal producer’s stock valued at $16,510,000 after acquiring an additional 164,987 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Peabody Energy in the 4th quarter valued at about $337,000. Sterling Capital Management LLC increased its position in Peabody Energy by 808.0% in the 4th quarter. Sterling Capital Management LLC now owns 3,986 shares of the coal producer’s stock valued at $83,000 after acquiring an additional 3,547 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Peabody Energy by 1.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 278,081 shares of the coal producer’s stock valued at $5,823,000 after acquiring an additional 4,552 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Benchmark lowered 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 report on Wednesday, May 7th. Wall Street Zen cut shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, UBS Group assumed coverage on shares of Peabody Energy in a research report on Tuesday, July 15th. They set a “neutral” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Peabody Energy presently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Peabody Energy Stock Up 1.2%

Shares of NYSE:BTU opened at $18.33 on Thursday. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $29.94. The company has a 50 day moving average of $15.01 and a 200-day moving average of $14.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 17.80 and a beta of 0.53.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $890.10 million for the quarter, compared to analyst estimates of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. On average, sell-side analysts forecast that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, August 14th. Peabody Energy’s dividend payout ratio (DPR) is currently 29.13%.

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.