Strs Ohio lifted its position in Peabody Energy Co. (NYSE:BTU) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,600 shares of the coal producer’s stock after acquiring an additional 2,000 shares during the period. Strs Ohio’s holdings in Peabody Energy were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Peabody Energy by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,398,714 shares of the coal producer’s stock worth $103,594,000 after buying an additional 106,490 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Peabody Energy by 5.3% during the first quarter. JPMorgan Chase & Co. now owns 2,389,495 shares of the coal producer’s stock worth $67,695,000 after buying an additional 119,812 shares during the last quarter. Thornburg Investment Management Inc. boosted its stake in Peabody Energy by 1.4% during the first quarter. Thornburg Investment Management Inc. now owns 1,287,366 shares of the coal producer’s stock worth $36,471,000 after buying an additional 17,241 shares during the last quarter. AJO LP boosted its stake in Peabody Energy by 28.8% during the first quarter. AJO LP now owns 1,269,843 shares of the coal producer’s stock worth $35,975,000 after buying an additional 284,145 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Peabody Energy by 8.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 622,631 shares of the coal producer’s stock worth $15,005,000 after buying an additional 47,267 shares during the last quarter.
In other Peabody Energy news, EVP Charles F. Meintjes sold 35,779 shares of Peabody Energy stock in a transaction on Monday, June 10th. The stock was sold at an average price of $23.68, for a total value of $847,246.72. Following the sale, the executive vice president now owns 123,398 shares in the company, valued at $2,922,064.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder International L.P. Elliott bought 15,199 shares of Peabody Energy stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $17.41 per share, for a total transaction of $264,614.59. The disclosure for this purchase can be found here. Insiders acquired 799,897 shares of company stock worth $14,676,976 in the last 90 days. Company insiders own 0.75% of the company’s stock.
Peabody Energy (NYSE:BTU) last posted its earnings results on Wednesday, July 31st. The coal producer reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. Peabody Energy had a return on equity of 10.64% and a net margin of 9.47%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. Equities analysts expect that Peabody Energy Co. will post 2.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be given a $0.145 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.58 dividend on an annualized basis and a yield of 3.09%. This is an increase from Peabody Energy’s previous quarterly dividend of $0.14. Peabody Energy’s payout ratio is currently 17.78%.
A number of research firms have weighed in on BTU. Jefferies Financial Group lowered Peabody Energy from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $27.00 to $18.00 in a research note on Tuesday, August 6th. Zacks Investment Research raised Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, July 22nd. Finally, Deutsche Bank lowered their price objective on Peabody Energy from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.89.
About Peabody Energy
Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.
Further Reading: Certificate of Deposit (CD)
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