Elevate Capital Advisors LLC Makes New $1.89 Million Investment in Peabody Energy Co. (NYSE:BTU)

Elevate Capital Advisors LLC acquired a new stake in shares of Peabody Energy Co. (NYSE:BTU) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 90,205 shares of the coal producer’s stock, valued at approximately $1,889,000. Peabody Energy comprises approximately 1.7% of Elevate Capital Advisors LLC’s portfolio, making the stock its 20th biggest holding. Elevate Capital Advisors LLC owned about 0.07% of Peabody Energy at the end of the most recent quarter.

Several other large investors have also modified their holdings of BTU. Sanctuary Advisors LLC purchased a new position in Peabody Energy during the second quarter worth approximately $768,000. SG Americas Securities LLC raised its position in shares of Peabody Energy by 163.1% in the 3rd quarter. SG Americas Securities LLC now owns 15,363 shares of the coal producer’s stock worth $408,000 after buying an additional 9,523 shares during the period. GAMMA Investing LLC boosted its holdings in Peabody Energy by 292.6% in the third 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 last quarter. Exchange Traded Concepts LLC grew its position in Peabody Energy by 15.1% during the third 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 during the period. Finally, CX Institutional acquired a new stake in Peabody Energy during the third quarter worth about $3,133,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BTU has been the topic of several research analyst reports. Benchmark reduced their price objective on Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday. Jefferies Financial Group reduced their price target on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets raised shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Monday, December 16th.

Peabody Energy Price Performance

Shares of BTU stock opened at $15.91 on Monday. The firm has a fifty day simple moving average of $20.01 and a 200-day simple moving average of $22.80. The company has a market capitalization of $1.93 billion, a PE ratio of 5.89 and a beta of 0.95. Peabody Energy Co. has a twelve month low of $15.79 and a twelve month high of $29.94. The company has a current ratio of 2.15, a quick ratio of 1.75 and a debt-to-equity ratio of 0.27.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, February 6th. The coal producer reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25). Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. Equities research analysts anticipate that Peabody Energy Co. will post 2.34 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.30 annualized dividend and a yield of 1.89%. Peabody Energy’s dividend payout ratio is presently 11.11%.

Peabody Energy 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.