Y Intercept Hong Kong Ltd purchased a new stake in Peabody Energy Co. (NYSE:BTU - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 41,936 shares of the coal producer's stock, valued at approximately $1,113,000.
A number of other institutional investors also recently modified their holdings of BTU. FMR LLC raised its position in Peabody Energy by 9.7% in the 3rd quarter. FMR LLC now owns 6,897 shares of the coal producer's stock valued at $183,000 after buying an additional 611 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Peabody Energy by 7.6% during the 2nd quarter. Mackenzie Financial Corp now owns 10,023 shares of the coal producer's stock worth $222,000 after acquiring an additional 709 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Peabody Energy by 43.0% in the third quarter. Larson Financial Group LLC now owns 3,350 shares of the coal producer's stock valued at $89,000 after purchasing an additional 1,008 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Peabody Energy by 11,390.0% in the second 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 last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Peabody Energy by 69.7% in the third quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the coal producer's stock worth $74,000 after purchasing an additional 1,151 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.
Insider Activity
In related 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 value of $295,200.00. Following the sale, the chief financial officer now owns 65,710 shares in the company, valued at approximately $1,939,759.20. This 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. Insiders own 0.09% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BTU. B. Riley lifted their price target on shares of 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 price objective on 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 upped their target price on Peabody Energy from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, November 1st.
Check Out Our Latest Research Report on BTU
Peabody Energy Stock Up 0.5 %
BTU traded up $0.10 during trading on Thursday, reaching $22.29. 1,387,404 shares of the stock were exchanged, compared to its average volume of 2,971,904. 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 moving average price is $25.60 and its two-hundred day moving average price is $23.87. Peabody Energy Co. has a twelve month low of $20.21 and a twelve month high of $29.94. The stock has a market cap of $2.71 billion, a P/E ratio of 5.90 and a beta of 0.95.
Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.16. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $0.80 EPS. The company's quarterly revenue was up .8% on a year-over-year basis. Equities analysts expect that Peabody Energy Co. will post 3.15 EPS for the current year.
Peabody Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.30 annualized dividend and a yield of 1.35%. Peabody Energy's dividend payout ratio is 7.94%.
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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