Brookfield Asset Management Inc. lowered its stake in Peabody Energy Co. (NYSE:BTU) by 96.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,169 shares of the coal producer’s stock after selling 1,380,323 shares during the quarter. Brookfield Asset Management Inc.’s holdings in Peabody Energy were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of BTU. Orbis Allan Gray Ltd purchased a new position in Peabody Energy in the 4th quarter worth about $156,312,000. Contrarian Capital Management L.L.C. increased its stake in Peabody Energy by 31.5% in the 1st quarter. Contrarian Capital Management L.L.C. now owns 9,985,667 shares of the coal producer’s stock worth $364,477,000 after purchasing an additional 2,394,771 shares in the last quarter. Boston Partners purchased a new position in Peabody Energy in the 1st quarter worth about $64,842,000. Platinum Investment Management Ltd. increased its stake in Peabody Energy by 45.0% in 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. Finally, Two Sigma Advisers LP increased its stake in Peabody Energy by 846.8% in the 4th quarter. Two Sigma Advisers LP now owns 1,097,725 shares of the coal producer’s stock worth $43,217,000 after purchasing an additional 981,788 shares in the last quarter. 99.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Peabody Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. MKM Partners reissued a “buy” rating and issued a $53.00 price target on shares of Peabody Energy in a research note on Wednesday, June 6th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $48.00 target price (down previously from $52.00) on shares of Peabody Energy in a research note on Friday, March 16th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.00.
In related news, CFO Amy B. Schwetz sold 933 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $36.92, for a total value of $34,446.36. Following the completion of the sale, the chief financial officer now owns 215,419 shares of the company’s stock, valued at approximately $7,953,269.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Charles F. Meintjes sold 1,125 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $36.92, for a total value of $41,535.00. Following the completion of the sale, the executive vice president now directly owns 206,135 shares of the company’s stock, valued at approximately $7,610,504.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,519 shares of company stock worth $129,921. Company insiders own 0.42% of the company’s stock.
Peabody Energy opened at $46.14 on Wednesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.02 and a current ratio of 2.25. Peabody Energy Co. has a fifty-two week low of $22.58 and a fifty-two week high of $47.84. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 12.74 and a beta of 1.42.
Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, April 25th. The coal producer reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.01). Peabody Energy had a net margin of 15.59% and a return on equity of 26.49%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm earned $6.80 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. equities analysts forecast that Peabody Energy Co. will post 3.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Monday, May 21st were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, May 18th. This represents a $0.46 annualized dividend and a yield of 1.00%.
Peabody Energy Profile
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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