Peabody Energy (NYSE:BTU) Price Target Raised to $34.00

Peabody Energy (NYSE:BTU) had its target price upped by B. Riley from $32.00 to $34.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the coal producer’s stock.

Peabody Energy Stock Performance

NYSE:BTU opened at $22.81 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $22.41 and its 200 day simple moving average is $23.11. The stock has a market cap of $2.90 billion, a P/E ratio of 6.35 and a beta of 0.95. Peabody Energy has a twelve month low of $20.21 and a twelve month high of $27.24.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.90. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. As a group, research analysts predict that Peabody Energy will post 3.11 EPS for the current 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 $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 15th. Peabody Energy’s dividend payout ratio is currently 8.36%.

Institutional Investors Weigh In On Peabody Energy

Hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in Peabody Energy during the second quarter valued at $768,000. Algert Global LLC purchased a new position in Peabody Energy during the 2nd quarter valued at about $272,000. Scientech Research LLC bought a new stake in Peabody Energy during the second quarter worth about $229,000. Mackenzie Financial Corp grew its holdings in Peabody Energy by 7.6% in the second quarter. Mackenzie Financial Corp now owns 10,023 shares of the coal producer’s stock worth $222,000 after purchasing an additional 709 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Peabody Energy by 6.2% during the second quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the coal producer’s stock valued at $1,655,000 after purchasing an additional 4,394 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

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.