Tidal Investments LLC decreased its position in Peabody Energy Co. (NYSE:BTU - Free Report) by 25.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,024 shares of the coal producer's stock after selling 25,451 shares during the quarter. Tidal Investments LLC owned about 0.06% of Peabody Energy worth $1,965,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in Peabody Energy by 265,937.3% in the third quarter. Pacer Advisors Inc. now owns 8,023,686 shares of the coal producer's stock worth $212,949,000 after acquiring an additional 8,020,670 shares in the last quarter. State Street Corp lifted its stake in shares of Peabody Energy by 7.6% in the 3rd quarter. State Street Corp now owns 7,631,707 shares of the coal producer's stock valued at $202,546,000 after purchasing an additional 540,219 shares during the last quarter. American Century Companies Inc. boosted its holdings in Peabody Energy by 20.2% in the second quarter. American Century Companies Inc. now owns 3,165,258 shares of the coal producer's stock worth $70,016,000 after purchasing an additional 531,440 shares in the last quarter. Yaupon Capital Management LP acquired a new position in Peabody Energy during the third quarter worth $8,484,000. Finally, Rockefeller Capital Management L.P. raised its holdings in Peabody Energy by 547.9% during the third quarter. Rockefeller Capital Management L.P. now owns 273,529 shares of the coal producer's stock valued at $7,259,000 after buying an additional 231,309 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.
Wall Street Analysts Forecast Growth
BTU has been the topic of a number of analyst reports. B. Riley increased their price objective on 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 upgraded Peabody Energy from a "market perform" rating to an "outperform" rating and set a $26.00 price target on the stock in a report on Monday. Finally, Benchmark lifted their price target on shares of Peabody Energy from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, November 1st.
View Our Latest Research Report on BTU
Peabody Energy Stock Performance
Shares of NYSE:BTU traded down $0.06 during midday trading on Tuesday, hitting $21.44. The company's stock had a trading volume of 2,328,316 shares, compared to its average volume of 2,957,779. 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 stock's 50 day simple moving average is $25.34 and its 200 day simple moving average is $23.84. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 5.69 and a beta of 0.95. Peabody Energy Co. has a fifty-two week low of $20.21 and a fifty-two week 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 (EPS) for the quarter, beating 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.80 EPS. The company's revenue was up .8% on a year-over-year basis. As a group, research analysts anticipate that Peabody Energy Co. will post 3.15 earnings per share for the current year.
Peabody Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, November 14th. Peabody Energy's dividend payout ratio (DPR) is presently 7.94%.
Insider Activity at Peabody Energy
In other news, CFO Mark Spurbeck sold 10,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the chief financial officer now directly owns 65,710 shares of the company's stock, valued at approximately $1,939,759.20. This trade represents a 13.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.
About Peabody Energy
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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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