Geode Capital Management LLC Has $60.46 Million Position in Peabody Energy Co. (NYSE:BTU)

Geode Capital Management LLC lowered its stake in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,886,417 shares of the coal producer's stock after selling 32,119 shares during the quarter. Geode Capital Management LLC owned about 2.38% of Peabody Energy worth $60,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTU. Assenagon Asset Management S.A. raised its holdings in shares of Peabody Energy by 113.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,350,855 shares of the coal producer's stock valued at $28,287,000 after buying an additional 718,274 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Peabody Energy by 105.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 646,152 shares of the coal producer's stock valued at $13,530,000 after purchasing an additional 331,759 shares during the period. American Century Companies Inc. increased its holdings in shares of Peabody Energy by 6.0% during the fourth quarter. American Century Companies Inc. now owns 3,785,337 shares of the coal producer's stock valued at $79,265,000 after purchasing an additional 215,614 shares during the period. Barclays PLC raised its holdings in Peabody Energy by 323.5% during the third quarter. Barclays PLC now owns 248,891 shares of the coal producer's stock worth $6,605,000 after purchasing an additional 190,120 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Peabody Energy by 9.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,422,400 shares of the coal producer's stock valued at $29,785,000 after acquiring an additional 125,372 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BTU. B. Riley dropped their target price on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark lowered their price target on Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Finally, Jefferies Financial Group decreased their price objective on Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, January 6th.

Peabody Energy Price Performance

Shares of BTU stock traded down $0.11 during trading hours on Wednesday, reaching $12.26. 5,146,625 shares of the company were exchanged, compared to its average volume of 3,202,985. Peabody Energy Co. has a fifty-two week low of $9.61 and a fifty-two week high of $29.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.15 and a quick ratio of 1.68. The stock's fifty day moving average is $13.74 and its two-hundred day moving average is $19.77. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 4.54 and a beta of 0.52.

Peabody Energy (NYSE:BTU - Get Free Report) last announced 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 forecast that Peabody Energy Co. will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Wednesday, February 19th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.30 annualized dividend and a yield of 2.45%. Peabody Energy's dividend payout ratio is currently 11.11%.

Peabody Energy 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.