Centiva Capital LP Invests $677,000 in Peabody Energy Co. (NYSE:BTU)

Centiva Capital LP bought a new stake in Peabody Energy Co. (NYSE:BTU - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,525 shares of the coal producer's stock, valued at approximately $677,000.

Several other hedge funds have also recently added to or reduced their stakes in BTU. Price T Rowe Associates Inc. MD raised its holdings in shares of Peabody Energy by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,949 shares of the coal producer's stock worth $1,746,000 after buying an additional 3,823 shares in the last quarter. Comerica Bank raised its stake in Peabody Energy by 580.4% during the first quarter. Comerica Bank now owns 54,153 shares of the coal producer's stock worth $1,314,000 after acquiring an additional 46,194 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Peabody Energy by 1.2% during the second quarter. Assenagon Asset Management S.A. now owns 2,190,141 shares of the coal producer's stock valued at $48,446,000 after acquiring an additional 26,202 shares during the period. Blue Trust Inc. boosted its stake in shares of Peabody Energy by 11,390.0% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer's stock valued at $28,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Peabody Energy by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,352,067 shares of the coal producer's stock worth $29,908,000 after purchasing an additional 38,492 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Insider Buying and Selling

In related news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the chief financial officer now owns 65,710 shares in the company, valued at approximately $1,939,759.20. This trade represents a 13.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Peabody Energy Price Performance

Shares of Peabody Energy stock traded down $0.68 during trading on Friday, reaching $22.38. The company's stock had a trading volume of 2,018,682 shares, compared to its average volume of 2,901,753. Peabody Energy Co. has a one year low of $20.21 and a one year high of $29.94. The stock has a market capitalization of $2.72 billion, a P/E ratio of 5.92 and a beta of 0.95. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $25.84 and a two-hundred day moving average price of $23.90.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.16. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, sell-side analysts anticipate that Peabody Energy Co. will post 3.15 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were paid a $0.075 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.30 annualized dividend and a yield of 1.34%. Peabody Energy's dividend payout ratio (DPR) is currently 7.94%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BTU. BMO Capital Markets lifted their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the company a "market perform" rating in a report on Thursday, October 10th. B. Riley lifted their target price on shares of Peabody Energy from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. Finally, Benchmark boosted their target price on Peabody Energy from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, November 1st.

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.