Cornerstone Capital Management Holdings LLC. boosted its position in Peabody Energy Co. (NYSE:BTU) by 1,103.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,900 shares of the coal producer’s stock after acquiring an additional 91,600 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.10% of Peabody Energy worth $3,932,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BTU. SG Americas Securities LLC bought a new position in Peabody Energy in the fourth quarter valued at $110,000. Meeder Asset Management Inc. increased its stake in Peabody Energy by 147.2% in the fourth quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock valued at $142,000 after acquiring an additional 2,158 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Peabody Energy in the fourth quarter valued at $179,000. Amalgamated Bank bought a new position in Peabody Energy in the third quarter valued at $211,000. Finally, Jane Street Group LLC bought a new position in Peabody Energy in the third quarter valued at $218,000. 79.34% of the stock is currently owned by institutional investors and hedge funds.
BTU has been the topic of a number of research analyst reports. ValuEngine cut Peabody Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Tuesday, February 13th. Seaport Global Securities reissued a “buy” rating and issued a $48.00 target price on shares of Peabody Energy in a research note on Monday, January 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $43.00 target price on shares of Peabody Energy in a research note on Tuesday, January 16th. Finally, Jefferies Group raised Peabody Energy to a “buy” rating and increased their target price for the company from $38.00 to $43.00 in a research note on Tuesday, December 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Peabody Energy currently has a consensus rating of “Buy” and an average target price of $42.30.
Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.19. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned ($10.53) earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. sell-side analysts anticipate that Peabody Energy Co. will post 3.41 EPS for the current fiscal year.
The business also recently disclosed a Not Available dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 19th were paid a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 0.00296468161897396%. Peabody Energy’s dividend payout ratio (DPR) is currently 4.51%.
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Peabody Energy Profile
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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