Mutual of America Capital Management LLC Increases Position in Peabody Energy Co. (NYSE:BTU)

Mutual of America Capital Management LLC lifted its position in shares of Peabody Energy Co. (NYSE:BTU) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,935 shares of the coal producer’s stock after purchasing an additional 1,566 shares during the period. Mutual of America Capital Management LLC’s holdings in Peabody Energy were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Peabody Energy by 11,390.0% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after purchasing an additional 1,139 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Peabody Energy in the 3rd quarter valued at $36,000. Harbor Capital Advisors Inc. acquired a new stake in Peabody Energy during the 3rd quarter worth $43,000. Altshuler Shaham Ltd acquired a new stake in shares of Peabody Energy during the second quarter worth about $44,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Peabody Energy by 292.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock valued at $55,000 after purchasing an additional 1,533 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction on 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 transaction, the chief financial officer now directly owns 65,710 shares of the company’s stock, valued at approximately $1,939,759.20. The trade was a 13.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.40% of the stock is owned by insiders.

Peabody Energy Stock Up 0.6 %

Shares of NYSE:BTU opened at $24.25 on Thursday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 6.42 and a beta of 0.98. Peabody Energy Co. has a fifty-two week low of $20.21 and a fifty-two week high of $29.94. The firm’s 50-day simple moving average is $26.00 and its 200-day simple moving average is $23.86. The company has a quick ratio of 1.75, a current ratio of 2.32 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. Peabody Energy’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, equities research analysts predict that Peabody Energy Co. will post 3.15 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. Peabody Energy’s dividend payout ratio (DPR) is 7.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BTU. B. Riley lifted their target price on shares of Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Benchmark upped their target price on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets boosted their target price on Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, October 10th.

Peabody Energy Profile

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.