Peabody Energy Co. (NYSE:BTU) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Peabody Energy Co. (NYSE:BTU - Free Report) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,918,536 shares of the coal producer's stock after acquiring an additional 216,887 shares during the period. Geode Capital Management LLC owned 2.40% of Peabody Energy worth $77,473,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised 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. Financial Management Professionals Inc. acquired a new stake in Peabody Energy during the third quarter valued at approximately $36,000. Harbor Capital Advisors Inc. bought a new position in Peabody Energy during the 3rd quarter worth approximately $43,000. Altshuler Shaham Ltd acquired a new position in shares of Peabody Energy in the 2nd quarter worth approximately $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Peabody Energy by 292.6% in the 3rd 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. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Peabody Energy news, CFO Mark Spurbeck sold 10,000 shares of the business's stock in a transaction on 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. The trade was a 13.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company's stock.

Peabody Energy Stock Performance

NYSE BTU traded down $0.92 during trading hours on Friday, hitting $20.63. The company had a trading volume of 6,654,135 shares, compared to its average volume of 2,968,992. The company has a quick ratio of 1.75, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.51 billion, a P/E ratio of 5.46 and a beta of 0.95. Peabody Energy Co. has a fifty-two week low of $20.21 and a fifty-two week high of $29.94. The business has a fifty day simple moving average of $24.93 and a 200-day simple moving average of $23.75.

Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. Equities analysts predict that Peabody Energy Co. will post 3.15 EPS for the current year.

Peabody Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.45%. Peabody Energy's dividend payout ratio is presently 7.94%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Benchmark raised their price objective on Peabody Energy from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. B. Riley lifted their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. Finally, BMO Capital Markets upgraded shares of Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 price objective on the stock in a research note on Monday, December 16th.

About Peabody Energy

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.