Rockefeller Capital Management L.P. Buys 231,309 Shares of Peabody Energy Co. (NYSE:BTU)

Rockefeller Capital Management L.P. grew its holdings in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 547.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,529 shares of the coal producer's stock after buying an additional 231,309 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.23% of Peabody Energy worth $7,259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 during the period. Financial Management Professionals Inc. bought a new stake in shares of Peabody Energy in the 3rd quarter valued at about $36,000. Harbor Capital Advisors Inc. bought a new stake in shares of Peabody Energy in the 3rd quarter valued at about $43,000. Altshuler Shaham Ltd bought a new stake in shares of Peabody Energy in the 2nd quarter valued at about $44,000. Finally, GAMMA Investing LLC raised 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 purchasing an additional 1,533 shares during the period. 87.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. B. Riley increased 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. BMO Capital Markets increased their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the company a "market perform" rating in a report on Thursday, October 10th. Finally, Benchmark increased their price target on shares of Peabody Energy from $28.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 1st.

Peabody Energy Stock Performance

Shares of NYSE:BTU traded down $0.46 on Wednesday, reaching $23.08. 2,999,587 shares of the company's stock were exchanged, compared to its average volume of 2,999,297. The company has a fifty day moving average of $26.00 and a 200-day moving average of $23.91. Peabody Energy Co. has a twelve month low of $20.21 and a twelve month high of $29.94. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 6.23 and a beta of 0.95. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.16. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The business's revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. On average, research analysts predict that Peabody Energy Co. will post 3.15 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.30%. Peabody Energy's dividend payout ratio is 7.94%.

Insider Buying and Selling

In related news, CFO Mark Spurbeck sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 65,710 shares of the company's stock, 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. 0.40% of the stock is currently owned by company insiders.

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.