Strs Ohio lowered its holdings in Peabody Energy Co. (NYSE:BTU) by 6.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,600 shares of the coal producer’s stock after selling 2,300 shares during the quarter. Strs Ohio’s holdings in Peabody Energy were worth $1,268,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of BTU. Cerebellum GP LLC purchased a new stake in shares of Peabody Energy in the 3rd quarter valued at $160,000. First Quadrant L P CA raised its holdings in shares of Peabody Energy by 51.3% in the 2nd quarter. First Quadrant L P CA now owns 3,910 shares of the coal producer’s stock valued at $178,000 after buying an additional 1,325 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Peabody Energy in the 2nd quarter valued at $210,000. Zeke Capital Advisors LLC purchased a new stake in shares of Peabody Energy in the 2nd quarter valued at $211,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Peabody Energy by 3,377.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 70,461 shares of the coal producer’s stock valued at $248,000 after buying an additional 68,435 shares during the period. Institutional investors own 99.16% of the company’s stock.
Several research firms recently issued reports on BTU. B. Riley boosted their price objective on Peabody Energy from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. Macquarie cut their price objective on Peabody Energy from $49.00 to $36.00 and set a “hold” rating on the stock in a report on Monday, October 1st. Zacks Investment Research downgraded Peabody Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. ValuEngine downgraded Peabody Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Finally, Clarkson Capital downgraded Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Peabody Energy has an average rating of “Hold” and a consensus target price of $44.67.
In other news, insider George John Schuller, Jr. sold 12,312 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $41.13, for a total transaction of $506,392.56. Following the completion of the transaction, the insider now directly owns 55,627 shares of the company’s stock, valued at approximately $2,287,938.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Charles F. Meintjes sold 35,000 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $42.10, for a total value of $1,473,500.00. Following the transaction, the executive vice president now directly owns 170,910 shares of the company’s stock, valued at $7,195,311. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.
Shares of NYSE BTU opened at $34.15 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.01 and a debt-to-equity ratio of 0.41. Peabody Energy Co. has a 1-year low of $30.49 and a 1-year high of $47.84. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 8.97 and a beta of 0.91.
Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Tuesday, October 30th. The coal producer reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.55). Peabody Energy had a return on equity of 19.01% and a net margin of 13.20%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company earned $1.47 EPS. Peabody Energy’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, research analysts expect that Peabody Energy Co. will post 3.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st will be issued a dividend of $0.13 per share. This is an increase from Peabody Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.52 annualized dividend and a yield of 1.52%.
Peabody Energy Company 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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