Peabody Energy Co. (NYSE:BTU) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in Peabody Energy Co. (NYSE:BTU) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,868 shares of the coal producer’s stock after buying an additional 11,145 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Peabody Energy worth $2,624,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Peabody Energy by 11,390.0% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock worth $28,000 after purchasing an additional 1,139 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Peabody Energy in the third quarter worth about $36,000. Harbor Capital Advisors Inc. bought a new stake in Peabody Energy in the third quarter valued at about $43,000. Altshuler Shaham Ltd acquired a new stake in Peabody Energy during the second quarter valued at approximately $44,000. Finally, GAMMA Investing LLC lifted its holdings in Peabody Energy by 292.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock worth $55,000 after buying an additional 1,533 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Benchmark boosted their price target on Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets boosted their target price on shares of Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. Finally, B. Riley raised their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

Insider Buying and Selling at Peabody Energy

In other Peabody Energy news, CFO Mark Spurbeck sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 in the company, valued at approximately $1,939,759.20. The trade was a 13.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Peabody Energy Stock Down 7.3 %

Shares of Peabody Energy stock opened at $24.08 on Wednesday. Peabody Energy Co. has a twelve month low of $20.21 and a twelve month high of $29.94. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 6.37 and a beta of 0.98. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09. The business’s 50 day simple moving average is $25.96 and its 200-day simple moving average is $23.86.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts forecast 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 will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. Peabody Energy’s dividend payout ratio (DPR) is 7.94%.

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.