1,605 Shares in Peabody Energy Co. (NYSE:BTU) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in Peabody Energy Co. (NYSE:BTU) in the third quarter, HoldingsChannel reports. The fund purchased 1,605 shares of the coal producer’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Peabody Energy by 21.5% in the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after buying an additional 2,473,286 shares during the last quarter. Boston Partners increased its stake in shares of Peabody Energy by 9.2% in the first quarter. Boston Partners now owns 7,348,251 shares of the coal producer’s stock worth $178,118,000 after buying an additional 618,395 shares during the last quarter. American Century Companies Inc. increased its stake in shares of 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 buying an additional 531,440 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Peabody Energy by 1.2% in the second quarter. Assenagon Asset Management S.A. now owns 2,190,141 shares of the coal producer’s stock worth $48,446,000 after buying an additional 26,202 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Peabody Energy by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 1,352,067 shares of the coal producer’s stock worth $29,908,000 after buying an additional 38,492 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Activity

In other news, CFO Mark Spurbeck sold 10,000 shares of the business’s stock in a transaction on 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 owns 65,710 shares of the company’s stock, valued at approximately $1,939,759.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th. Benchmark boosted their target price on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, B. Riley boosted their target price 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.

Peabody Energy Stock Down 1.2 %

BTU stock opened at $28.70 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.75. Peabody Energy Co. has a 1-year low of $20.21 and a 1-year high of $29.94. The firm has a fifty day moving average price of $24.74 and a two-hundred day moving average price of $23.48. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 7.59 and a beta of 0.98.

Peabody Energy (NYSE:BTU) last released its earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.16. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Research analysts predict that Peabody Energy Co. will post 3.15 EPS for the current year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, November 14th. Peabody Energy’s dividend payout ratio (DPR) is 7.94%.

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.