Empire Life Investments Inc. grew its position in Peabody Energy Co. (NYSE:BTU - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 581,635 shares of the coal producer's stock after purchasing an additional 35,382 shares during the quarter. Empire Life Investments Inc. owned approximately 0.48% of Peabody Energy worth $12,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in Peabody Energy during the 3rd quarter valued at approximately $36,000. Harbor Capital Advisors Inc. purchased a new position in Peabody Energy during the third quarter valued at $43,000. Byrne Asset Management LLC increased its holdings in Peabody Energy by 63.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock valued at $37,000 after acquiring an additional 680 shares during the last quarter. Blue Trust Inc. lifted its stake in Peabody Energy by 139.9% in the 3rd quarter. Blue Trust Inc. now owns 2,756 shares of the coal producer's stock worth $73,000 after purchasing an additional 1,607 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Peabody Energy by 69.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the coal producer's stock valued at $74,000 after purchasing an additional 1,151 shares during the last quarter. Institutional investors own 87.44% of the company's stock.
Peabody Energy Trading Down 5.5 %
Shares of BTU stock traded down $0.87 on Wednesday, reaching $14.98. 4,754,299 shares of the company's stock were exchanged, compared to its average volume of 3,449,251. The company's fifty day simple moving average is $19.12 and its 200 day simple moving average is $22.54. Peabody Energy Co. has a 52 week low of $14.87 and a 52 week high of $29.94. The company has a current ratio of 2.15, a quick ratio of 1.68 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.82 billion, a PE ratio of 5.55 and a beta of 0.95.
Peabody Energy (NYSE:BTU - Get Free Report) last issued its earnings results on Thursday, February 6th. The coal producer reported $0.28 earnings per share (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%. As a group, analysts forecast that Peabody Energy Co. will post 2.61 EPS for the current year.
Peabody Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 19th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.30 dividend on an annualized basis and a yield of 2.00%. Peabody Energy's dividend payout ratio is presently 11.11%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. BMO Capital Markets upgraded Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 target price on the stock in a research report on Monday, December 16th. Benchmark dropped their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, Jefferies Financial Group reduced 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 Monday, January 6th.
View Our Latest Report on BTU
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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