State of Alaska Department of Revenue Grows Stock Position in Peabody Energy Co. (NYSE:BTU)

State of Alaska Department of Revenue lifted its stake in shares of Peabody Energy Co. (NYSE:BTU) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,824 shares of the coal producer’s stock after purchasing an additional 9,803 shares during the quarter. State of Alaska Department of Revenue’s holdings in Peabody Energy were worth $3,736,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. raised its position in Peabody Energy by 11,390.0% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock worth $28,000 after acquiring an additional 1,139 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in Peabody Energy in the third quarter worth $36,000. Natixis raised its position in Peabody Energy by 8,355.0% in the first quarter. Natixis now owns 1,691 shares of the coal producer’s stock worth $41,000 after acquiring an additional 1,671 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Peabody Energy in the second quarter worth $44,000. Finally, GAMMA Investing LLC raised its position in Peabody Energy by 292.6% in the third quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock worth $55,000 after acquiring an additional 1,533 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Down 0.9 %

Peabody Energy stock opened at $24.70 on Thursday. 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 firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 6.88 and a beta of 0.96. Peabody Energy Co. has a fifty-two week low of $20.21 and a fifty-two week high of $27.24. The stock’s fifty day moving average is $24.13 and its two-hundred day moving average is $23.29.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.90. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. Analysts predict that Peabody Energy Co. will post 2.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on BTU. BMO Capital Markets increased 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 upped their target price on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 17th.

Peabody Energy 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.