Newbridge Financial Services Group Inc. Makes New $201,000 Investment in Peabody Energy Co. (NYSE:BTU)

Newbridge Financial Services Group Inc. purchased a new stake in Peabody Energy Co. (NYSE:BTU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,580 shares of the coal producer’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BTU. Pacer Advisors Inc. increased its position in shares of Peabody Energy by 265,937.3% during the third quarter. Pacer Advisors Inc. now owns 8,023,686 shares of the coal producer’s stock valued at $212,949,000 after acquiring an additional 8,020,670 shares during the last quarter. State Street Corp boosted its position in shares of Peabody Energy by 7.6% during the third quarter. State Street Corp now owns 7,631,707 shares of the coal producer’s stock worth $202,546,000 after buying an additional 540,219 shares during the period. Progeny 3 Inc. grew its stake in shares of Peabody Energy by 1.6% in the third quarter. Progeny 3 Inc. now owns 3,580,014 shares of the coal producer’s stock valued at $95,014,000 after buying an additional 56,280 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Peabody Energy by 8.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,918,536 shares of the coal producer’s stock valued at $77,473,000 after buying an additional 216,887 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Peabody Energy by 14.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,388,681 shares of the coal producer’s stock valued at $36,856,000 after buying an additional 171,272 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Stock Performance

Shares of BTU stock opened at $15.91 on Monday. Peabody Energy Co. has a 12 month low of $15.79 and a 12 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. The company has a market cap of $1.93 billion, a P/E ratio of 5.89 and a beta of 0.95. The firm has a fifty day moving average price of $20.01 and a 200 day moving average price of $22.80.

Peabody Energy (NYSE:BTU) last released 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 net margin of 8.75% and a return on equity of 10.33%. Sell-side analysts predict that Peabody Energy Co. will post 2.34 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group dropped their target price on Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Benchmark cut their target price on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday. Finally, BMO Capital Markets upgraded shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Monday, December 16th.

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.