Blue Trust Inc. Buys 1,607 Shares of Peabody Energy Co. (NYSE:BTU)

Blue Trust Inc. increased its stake in Peabody Energy Co. (NYSE:BTU) by 139.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,756 shares of the coal producer’s stock after purchasing an additional 1,607 shares during the period. Blue Trust Inc.’s holdings in Peabody Energy were worth $73,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning increased its holdings in Peabody Energy by 62.7% in the 3rd quarter. Creative Planning now owns 17,757 shares of the coal producer’s stock valued at $471,000 after buying an additional 6,844 shares during the period. CX Institutional bought a new position in Peabody Energy in the third quarter valued at approximately $3,133,000. Exchange Traded Concepts LLC raised its position in Peabody Energy by 15.1% during the third quarter. Exchange Traded Concepts LLC now owns 20,293 shares of the coal producer’s stock valued at $539,000 after purchasing an additional 2,665 shares in the last quarter. Cypress Wealth Services LLC bought a new stake in Peabody Energy during the third quarter worth $204,000. Finally, GAMMA Investing LLC boosted 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 in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Stock Down 0.9 %

Shares of NYSE:BTU opened at $24.70 on Thursday. Peabody Energy Co. has a 52-week low of $20.21 and a 52-week high of $27.24. The company has a market capitalization of $3.14 billion, a PE ratio of 6.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.92 and a current ratio of 2.49. The company has a fifty day moving average of $24.13 and a 200-day moving average of $23.29.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.90. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. On average, equities analysts predict that Peabody Energy Co. will post 2.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets upped their price objective on Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th. B. Riley increased their target price on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th.

Peabody Energy Company 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.