Fmr LLC Purchases 611 Shares of Peabody Energy Co. (NYSE:BTU)

Fmr LLC boosted its position in shares of Peabody Energy Co. (NYSE:BTU) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,897 shares of the coal producer’s stock after buying an additional 611 shares during the period. Fmr LLC’s holdings in Peabody Energy were worth $183,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Peabody Energy by 11,390.0% during 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 during the last quarter. Bank of New York Mellon Corp raised its position in shares of Peabody Energy by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,352,067 shares of the coal producer’s stock valued at $29,908,000 after buying an additional 38,492 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Peabody Energy in the 2nd quarter valued at about $364,000. Innealta Capital LLC purchased a new position in Peabody Energy in the second quarter worth about $151,000. Finally, Privium Fund Management B.V. raised its position in Peabody Energy by 41.9% during the second quarter. Privium Fund Management B.V. now owns 15,240 shares of the coal producer’s stock valued at $358,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BTU shares. BMO Capital Markets upgraded Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, December 16th. B. Riley lifted their price objective on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, Benchmark increased their target price on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Peabody Energy Trading Down 4.3 %

BTU opened at $20.63 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.75 and a current ratio of 2.32. The stock’s 50 day moving average price is $24.93 and its 200-day moving average price is $23.75. Peabody Energy Co. has a one year low of $20.21 and a one year high of $29.94. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 5.46 and a beta of 0.95.

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

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.45%. Peabody Energy’s payout ratio is 7.94%.

Insider Buying and Selling at Peabody Energy

In other Peabody Energy 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 sale, the chief financial officer now directly owns 65,710 shares of the company’s stock, valued at $1,939,759.20. The trade was a 13.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

About Peabody Energy

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.