Charles Schwab Investment Management Inc. lifted its position in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,388,681 shares of the coal producer's stock after buying an additional 171,272 shares during the period. Charles Schwab Investment Management Inc. owned about 1.10% of Peabody Energy worth $36,856,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Peabody Energy by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 71,949 shares of the coal producer's stock worth $1,746,000 after acquiring an additional 3,823 shares in the last quarter. Comerica Bank raised its holdings 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. Teachers Retirement System of The State of Kentucky bought a new stake in Peabody Energy during the first quarter worth about $1,019,000. Assenagon Asset Management S.A. raised its holdings in 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 worth $48,446,000 after acquiring an additional 26,202 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Peabody Energy by 11,390.0% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer's stock worth $28,000 after acquiring an additional 1,139 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Peabody Energy
In other 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 value of $295,200.00. Following the completion of the transaction, the chief financial officer now directly owns 65,710 shares of the company's stock, valued at approximately $1,939,759.20. This trade represents a 13.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by company insiders.
Peabody Energy Price Performance
NYSE:BTU traded down $0.06 during trading hours on Tuesday, reaching $23.54. 2,069,028 shares of the company were exchanged, compared to its average volume of 3,041,779. The company has a market capitalization of $2.86 billion, a P/E ratio of 6.23 and a beta of 0.95. Peabody Energy Co. has a 1-year low of $20.21 and a 1-year high of $29.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.75. The business has a 50 day moving average of $26.00 and a 200 day moving average of $23.91.
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, beating analysts' consensus estimates of $0.58 by $0.16. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The company's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. Research analysts forecast that Peabody Energy Co. will post 3.15 EPS for the current year.
Peabody Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. Peabody Energy's dividend payout ratio (DPR) is 7.94%.
Wall Street Analyst Weigh In
Several research firms have issued reports on BTU. BMO Capital Markets upped their price objective on Peabody Energy from $25.00 to $26.00 and gave the company a "market perform" rating in a research note on Thursday, October 10th. Benchmark upped their price objective on Peabody Energy from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, B. Riley upped their price objective on Peabody Energy from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th.
View Our Latest Analysis on Peabody Energy
About Peabody Energy
(
Free Report)
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.
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