Advisors Asset Management Inc. grew its position in shares of Peabody Energy Co. (NYSE:BTU) by 169.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,456 shares of the coal producer’s stock after purchasing an additional 3,430 shares during the period. Advisors Asset Management Inc.’s holdings in Peabody Energy were worth $248,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of BTU. Rhumbline Advisers grew its position in Peabody Energy by 21.4% in the second quarter. Rhumbline Advisers now owns 82,819 shares of the coal producer’s stock worth $3,767,000 after acquiring an additional 14,589 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Peabody Energy by 197.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 64,687 shares of the coal producer’s stock worth $2,942,000 after acquiring an additional 42,962 shares in the last quarter. GAM Holding AG purchased a new position in Peabody Energy in the second quarter worth about $435,000. Zacks Investment Management purchased a new position in Peabody Energy in the second quarter worth about $2,656,000. Finally, First Trust Advisors LP purchased a new position in Peabody Energy in the second quarter worth about $3,748,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
Shares of NYSE BTU opened at $35.22 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 9.03 and a beta of 0.64. Peabody Energy Co. has a 1 year low of $30.49 and a 1 year high of $47.84.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st will be paid a $0.13 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.52 annualized dividend and a yield of 1.48%. This is an increase from Peabody Energy’s previous quarterly dividend of $0.13.
Several research firms recently commented on BTU. B. Riley lifted their price target on Peabody Energy from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Zacks Investment Research lowered Peabody Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 5th. Macquarie dropped their price target on Peabody Energy from $49.00 to $36.00 and set a “hold” rating for the company in a research report on Monday, October 1st. ValuEngine lowered Peabody Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Clarkson Capital lowered Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $44.33.
In other Peabody Energy news, EVP A. Verona Dorch sold 3,187 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $35.28, for a total value of $112,437.36. Following the completion of the sale, the executive vice president now owns 142,456 shares of the company’s stock, valued at $5,025,847.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles F. Meintjes sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $42.10, for a total transaction of $1,473,500.00. Following the completion of the sale, the executive vice president now directly owns 170,910 shares of the company’s stock, valued at approximately $7,195,311. The disclosure for this sale can be found here. In the last three months, insiders sold 79,486 shares of company stock valued at $3,108,904. 0.42% of the stock is owned by insiders.
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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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