Intech Investment Management LLC purchased a new stake in shares of Peabody Energy Co. (NYSE:BTU - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,635 shares of the coal producer's stock, valued at approximately $893,000.
Several other institutional investors have also modified their holdings of BTU. Connor Clark & Lunn Investment Management Ltd. raised its stake in Peabody Energy by 27.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 314,393 shares of the coal producer's stock valued at $8,344,000 after acquiring an additional 67,897 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Peabody Energy by 12.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 98,868 shares of the coal producer's stock worth $2,624,000 after acquiring an additional 11,145 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Peabody Energy by 9.0% in the third quarter. Mutual of America Capital Management LLC now owns 18,935 shares of the coal producer's stock valued at $503,000 after acquiring an additional 1,566 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Peabody Energy during the 3rd quarter valued at $223,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Peabody Energy in the third quarter valued at $218,000. Institutional investors own 87.44% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on BTU shares. BMO Capital Markets lifted their price objective on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a "market perform" rating in a research note on Thursday, October 10th. B. Riley lifted their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, September 17th. Finally, Benchmark upped their price target on Peabody Energy from $28.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 1st.
Check Out Our Latest Stock Report on Peabody Energy
Peabody Energy Trading Down 1.6 %
BTU traded down $0.40 during trading on Friday, reaching $23.85. The company had a trading volume of 1,822,161 shares, compared to its average volume of 3,001,159. The firm's 50-day simple moving average is $26.02 and its 200 day simple moving average is $23.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.75 and a current ratio of 2.32. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 6.31 and a beta of 0.98. Peabody Energy Co. has a 12-month low of $20.21 and a 12-month high of $29.94.
Peabody Energy (NYSE:BTU - Get Free Report) last released its earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. Equities research analysts anticipate that Peabody Energy Co. will post 3.15 earnings per share for the current year.
Peabody Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be issued a $0.075 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.26%. Peabody Energy's payout ratio is currently 7.94%.
Insider Transactions at Peabody Energy
In other news, CFO Mark Spurbeck sold 10,000 shares of the company's 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 transaction, the chief financial officer now owns 65,710 shares in the company, valued at $1,939,759.20. This represents a 13.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by insiders.
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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