Virtu Financial LLC raised its stake in shares of Peabody Energy Co. (NYSE:BTU) by 3,056.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 207,720 shares of the coal producer’s stock after buying an additional 201,139 shares during the period. Virtu Financial LLC owned about 0.18% of Peabody Energy worth $5,797,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Peabody Energy by 21.4% during the 2nd quarter. Rhumbline Advisers now owns 82,819 shares of the coal producer’s stock worth $3,767,000 after buying an additional 14,589 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Peabody Energy by 197.8% during the 2nd 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 buying an additional 42,962 shares in the last quarter. GAM Holding AG purchased a new stake in Peabody Energy during the 2nd quarter worth approximately $435,000. Zacks Investment Management purchased a new stake in Peabody Energy during the 2nd quarter worth approximately $2,656,000. Finally, First Trust Advisors LP purchased a new stake in Peabody Energy during the 2nd quarter worth approximately $3,748,000.
Several brokerages have recently weighed in on BTU. B. Riley boosted their target price on Peabody Energy from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. Zacks Investment Research cut Peabody Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Seaport Global Securities cut Peabody Energy from a “buy” rating to a “neutral” rating in a report on Friday, September 28th. ValuEngine cut Peabody Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Finally, Clarkson Capital cut Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a report on Friday, September 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.33.
Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Tuesday, October 30th. The coal producer reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.55). Peabody Energy had a net margin of 13.20% and a return on equity of 19.01%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. As a group, analysts anticipate that Peabody Energy Co. will post 2.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st were issued a $0.13 dividend. The ex-dividend date was Tuesday, October 30th. This is a boost from Peabody Energy’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 1.69%.
In other Peabody Energy news, insider George John Schuller, Jr. sold 12,312 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $41.13, for a total value of $506,392.56. Following the sale, the insider now owns 55,627 shares of the company’s stock, valued at $2,287,938.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP A. Verona Dorch sold 3,187 shares of the business’s stock in a transaction that occurred on 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 directly owns 142,456 shares in the company, valued at approximately $5,025,847.68. The disclosure for this sale can be found here. Insiders sold 44,486 shares of company stock worth $1,635,404 over the last quarter. 0.42% of the stock is currently owned by insiders.
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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