Teacher Retirement System of Texas bought a new position in Peabody Energy Co. (NYSE:BTU - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 65,860 shares of the coal producer's stock, valued at approximately $1,379,000. Teacher Retirement System of Texas owned approximately 0.05% of Peabody Energy at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Counterpoint Mutual Funds LLC bought a new position in shares of Peabody Energy during the 4th quarter worth $325,000. Cibc World Markets Corp purchased a new stake in Peabody Energy during the fourth quarter worth $248,000. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 acquiring an additional 331,759 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of Peabody Energy by 30.8% in the 4th quarter. Moran Wealth Management LLC now owns 51,040 shares of the coal producer's stock valued at $1,069,000 after acquiring an additional 12,025 shares during the period. Finally, AlphaQuest LLC raised its position in shares of Peabody Energy by 27,757.7% in the 4th quarter. AlphaQuest LLC now owns 7,243 shares of the coal producer's stock worth $152,000 after acquiring an additional 7,217 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on BTU. BMO Capital Markets raised Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 price objective on the stock in a research report on Monday, December 16th. Jefferies Financial Group lowered their price target on Peabody Energy from $30.00 to $26.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Benchmark cut their price objective on shares of Peabody Energy from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, February 7th.
View Our Latest Analysis on Peabody Energy
Peabody Energy Stock Performance
NYSE BTU traded down $0.24 during trading hours on Wednesday, reaching $13.29. The stock had a trading volume of 3,703,829 shares, compared to its average volume of 2,943,222. Peabody Energy Co. has a 52-week low of $12.15 and a 52-week high of $29.94. The stock has a fifty day moving average of $15.18 and a 200 day moving average of $20.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. The stock has a market cap of $1.62 billion, a P/E ratio of 4.92 and a beta of 0.94.
Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The coal producer reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). Peabody Energy had a return on equity of 10.33% and a net margin of 8.75%. Sell-side analysts predict that Peabody Energy Co. will post 2.61 earnings per share for the current year.
Peabody Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Wednesday, February 19th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, February 19th. Peabody Energy's payout ratio is presently 11.11%.
Peabody Energy Profile
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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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