Altshuler Shaham Ltd Purchases Shares of 2,000 Peabody Energy Co. (NYSE:BTU)

Altshuler Shaham Ltd acquired a new position in shares of Peabody Energy Co. (NYSE:BTU) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,000 shares of the coal producer’s stock, valued at approximately $44,000.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC purchased a new position in Peabody Energy during the fourth quarter worth approximately $213,000. Rovida Advisors Inc. grew its position in Peabody Energy by 11.1% during the fourth quarter. Rovida Advisors Inc. now owns 400,000 shares of the coal producer’s stock valued at $9,724,000 after acquiring an additional 40,000 shares during the period. TFO Wealth Partners LLC increased its stake in Peabody Energy by 48,475.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,943 shares of the coal producer’s stock worth $47,000 after acquiring an additional 1,939 shares during the last quarter. Privium Fund Management UK Ltd acquired a new stake in Peabody Energy during the fourth quarter worth about $230,000. Finally, Seven Eight Capital LP raised its holdings in shares of Peabody Energy by 12.1% in the 4th quarter. Seven Eight Capital LP now owns 94,131 shares of the coal producer’s stock worth $2,289,000 after purchasing an additional 10,181 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their target price on Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th.

Peabody Energy Stock Up 4.8 %

Shares of NYSE BTU opened at $23.91 on Monday. The stock has a fifty day moving average price of $22.43 and a 200 day moving average price of $23.06. 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 Co. has a 12-month low of $20.21 and a 12-month high of $27.24. The company has a market cap of $3.04 billion, a P/E ratio of 6.66 and a beta of 0.95.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.90. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. Research analysts anticipate that Peabody Energy Co. will post 3.11 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. Peabody Energy’s payout ratio is currently 8.36%.

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.