SG Americas Securities LLC raised its holdings in Peabody Energy Co. (NYSE:BTU) by 117.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,021 shares of the coal producer’s stock after acquiring an additional 13,516 shares during the period. SG Americas Securities LLC’s holdings in Peabody Energy were worth $892,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Trilogy Capital Inc. purchased a new stake in shares of Peabody Energy in the 3rd quarter valued at about $156,000. Cerebellum GP LLC purchased a new stake in shares of Peabody Energy in the 3rd quarter valued at about $160,000. CIBC Asset Management Inc purchased a new stake in shares of Peabody Energy in the 2nd quarter valued at about $210,000. Advisors Asset Management Inc. raised its holdings in shares of Peabody Energy by 169.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 5,456 shares of the coal producer’s stock valued at $248,000 after acquiring an additional 3,430 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Peabody Energy in the 2nd quarter valued at about $277,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Peabody Energy stock opened at $31.60 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.05. The stock has a market cap of $3.58 billion, a PE ratio of 7.99 and a beta of 0.53. Peabody Energy Co. has a 12 month low of $29.66 and a 12 month high of $47.84.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Tuesday, October 30th. The coal producer reported $0.59 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.55). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. Peabody Energy had a net margin of 13.20% and a return on equity of 19.01%. Peabody Energy’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 earnings per share. Research analysts forecast that Peabody Energy Co. will post 2.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, October 30th. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 1.65%.
In other news, EVP A. Verona Dorch sold 3,187 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $35.28, for a total transaction of $112,437.36. Following the transaction, the executive vice president now directly owns 142,456 shares in the company, valued at approximately $5,025,847.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.
Several analysts have weighed in on the company. Zacks Investment Research cut Peabody Energy from a “hold” rating to a “sell” rating in a report on Wednesday. Clarkson Capital cut Peabody Energy from a “buy” rating to a “neutral” rating in a report on Friday, November 16th. B. Riley lowered their price target on Peabody Energy from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, November 5th. ValuEngine cut Peabody Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Finally, Macquarie reduced their price objective on Peabody Energy from $49.00 to $36.00 and set a “hold” rating on the stock in a research report on Monday, October 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $44.50.
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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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