Fmr LLC Increases Stock Position in Peabody Energy Co. (NYSE:BTU)

Fmr LLC increased its holdings in shares of Peabody Energy Co. (NYSE:BTUFree Report) by 9.7% during the third quarter, Holdings Channel.com reports. The firm owned 6,897 shares of the coal producer’s stock after buying an additional 611 shares during the period. Fmr LLC’s holdings in Peabody Energy were worth $183,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BTU. The Manufacturers Life Insurance Company lifted its holdings in Peabody Energy by 167.4% during the third quarter. The Manufacturers Life Insurance Company now owns 200,073 shares of the coal producer’s stock worth $5,310,000 after buying an additional 125,244 shares during the period. Qsemble Capital Management LP bought a new position in shares of Peabody Energy in the 3rd quarter worth $318,000. Pekin Hardy Strauss Inc. lifted its stake in shares of Peabody Energy by 45.3% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 18,051 shares of the coal producer’s stock worth $479,000 after purchasing an additional 5,625 shares during the last quarter. Larson Financial Group LLC boosted its position in Peabody Energy by 43.0% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Peabody Energy by 14.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,388,681 shares of the coal producer’s stock valued at $36,856,000 after purchasing an additional 171,272 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction dated 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 sale, the chief financial officer now owns 65,710 shares of the company’s stock, valued at $1,939,759.20. The trade was a 13.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Peabody Energy Trading Down 4.3 %

Peabody Energy stock opened at $20.63 on Friday. 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 has a market cap of $2.51 billion, a PE ratio of 5.46 and a beta of 0.95. The stock has a 50-day moving average of $24.93 and a two-hundred day moving average of $23.75. Peabody Energy Co. has a one year low of $20.21 and a one year high of $29.94.

Peabody Energy (NYSE:BTUGet Free Report) last announced its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.58 by $0.16. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. Peabody Energy’s revenue was up .8% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. On average, research analysts anticipate that Peabody Energy Co. will post 3.15 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.45%. Peabody Energy’s payout ratio is currently 7.94%.

Analyst Upgrades and Downgrades

Several analysts have commented on BTU shares. BMO Capital Markets raised shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, December 16th. Benchmark boosted their price objective on shares of Peabody Energy from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, B. Riley raised 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.

View Our Latest Research Report on Peabody Energy

Peabody Energy Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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