Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 27.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,393 shares of the coal producer's stock after purchasing an additional 67,897 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.25% of Peabody Energy worth $8,344,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of BTU. Vanguard Group Inc. lifted its position in shares of Peabody Energy by 21.5% in the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer's stock worth $338,611,000 after purchasing an additional 2,473,286 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Peabody Energy during the 1st quarter worth about $1,019,000. Comerica Bank grew its holdings in shares of Peabody Energy by 580.4% in the 1st quarter. Comerica Bank now owns 54,153 shares of the coal producer's stock valued at $1,314,000 after acquiring an additional 46,194 shares in the last quarter. Maverick Capital Ltd. grew its holdings in shares of Peabody Energy by 91.4% in the 2nd quarter. Maverick Capital Ltd. now owns 70,674 shares of the coal producer's stock valued at $1,563,000 after acquiring an additional 33,758 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Peabody Energy by 2,651.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 89,002 shares of the coal producer's stock valued at $2,159,000 after acquiring an additional 85,767 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.
Peabody Energy Stock Performance
NYSE BTU traded down $0.73 during trading on Friday, reaching $27.41. 2,219,223 shares of the company's stock were exchanged, compared to its average volume of 2,796,366. Peabody Energy Co. has a fifty-two week low of $20.21 and a fifty-two week high of $29.94. The stock has a market capitalization of $3.33 billion, a P/E ratio of 7.25 and a beta of 0.98. The business has a 50 day moving average price of $25.86 and a 200-day moving average price of $23.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.75.
Peabody Energy (NYSE:BTU - Get Free Report) last posted its earnings results 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. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $0.80 EPS. The firm's revenue was up .8% compared to the same quarter last year. Sell-side analysts forecast that Peabody Energy Co. will post 3.15 earnings per share for the current fiscal year.
Peabody Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, November 14th. Peabody Energy's dividend payout ratio is presently 7.94%.
Insider Buying and Selling
In other Peabody Energy news, CFO Mark Spurbeck sold 10,000 shares of the 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 transaction, the chief financial officer now owns 65,710 shares in the company, valued at $1,939,759.20. This trade represents a 13.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on BTU. B. Riley raised their price target on Peabody Energy from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. BMO Capital Markets raised their target price on shares of Peabody Energy from $25.00 to $26.00 and gave the company a "market perform" rating in a research note on Thursday, October 10th. Finally, Benchmark upped their price target on shares of Peabody Energy from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, November 1st.
Check Out Our Latest Stock Report on Peabody Energy
Peabody Energy Profile
(
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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