Amalgamated Bank Purchases 4,059 Shares of Peabody Energy Co. (NYSE:BTU)

Amalgamated Bank lifted its position in shares of Peabody Energy Co. (NYSE:BTU) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,065 shares of the coal producer’s stock after acquiring an additional 4,059 shares during the quarter. Amalgamated Bank’s holdings in Peabody Energy were worth $984,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Peabody Energy by 21.5% during the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after acquiring an additional 2,473,286 shares in the last quarter. Boston Partners grew its holdings in Peabody Energy by 9.2% during the 1st quarter. Boston Partners now owns 7,348,251 shares of the coal producer’s stock valued at $178,118,000 after buying an additional 618,395 shares in the last quarter. American Century Companies Inc. grew its holdings in Peabody Energy by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 3,165,258 shares of the coal producer’s stock valued at $70,016,000 after buying an additional 531,440 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Peabody Energy by 1.2% during the second quarter. Assenagon Asset Management S.A. now owns 2,190,141 shares of the coal producer’s stock valued at $48,446,000 after buying an additional 26,202 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Peabody Energy by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 1,352,067 shares of the coal producer’s stock worth $29,908,000 after buying an additional 38,492 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BTU shares. B. Riley boosted their price objective on shares of Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Benchmark raised their price target 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 upped their price target on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th.

Peabody Energy Stock Down 2.0 %

BTU stock opened at $27.04 on Friday. The company’s 50 day moving average is $25.05 and its 200 day moving average is $23.56. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 7.39 and a beta of 0.98. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09. Peabody Energy Co. has a 1-year low of $20.21 and a 1-year high of $29.94.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. Sell-side analysts predict that Peabody Energy Co. will post 3.15 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.11%. Peabody Energy’s payout ratio is 7.94%.

Insiders Place Their Bets

In related news, CFO Mark Spurbeck sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the chief financial officer now directly owns 65,710 shares of the company’s stock, valued at approximately $1,939,759.20. This trade represents a 13.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

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.