Peabody Energy (NYSE:BTU) EVP Charles F. Meintjes sold 1,125 shares of the stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $36.92, for a total value of $41,535.00. Following the transaction, the executive vice president now directly owns 206,135 shares in the company, valued at approximately $7,610,504.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
BTU opened at $35.87 on Friday. The company has a market capitalization of $4,652.95 and a price-to-earnings ratio of 3.72. The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46. Peabody Energy has a 12-month low of $22.58 and a 12-month high of $41.98.
Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.19. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted ($10.53) EPS. research analysts expect that Peabody Energy will post 3.16 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTU. MetLife Investment Advisors LLC acquired a new stake in shares of Peabody Energy during the 4th quarter worth approximately $1,216,000. Platinum Investment Management Ltd. grew its holdings in shares of Peabody Energy by 45.0% during the 4th quarter. Platinum Investment Management Ltd. now owns 3,787,899 shares of the coal producer’s stock worth $149,129,000 after purchasing an additional 1,176,200 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Peabody Energy during the 4th quarter worth approximately $980,000. Millennium Management LLC grew its holdings in shares of Peabody Energy by 45.8% during the 4th quarter. Millennium Management LLC now owns 2,237,696 shares of the coal producer’s stock worth $88,098,000 after purchasing an additional 703,221 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Peabody Energy by 1,103.6% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 99,900 shares of the coal producer’s stock worth $3,932,000 after purchasing an additional 91,600 shares in the last quarter. 79.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on BTU shares. Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Tuesday, February 13th. B. Riley reaffirmed a “buy” rating and issued a $49.00 target price on shares of Peabody Energy in a report on Tuesday, January 23rd. Seaport Global Securities reaffirmed a “buy” rating and issued a $48.00 target price on shares of Peabody Energy in a report on Monday, January 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $43.00 target price on shares of Peabody Energy in a report on Tuesday, January 16th. Finally, ValuEngine lowered Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $42.11.
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About Peabody Energy
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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