Capital Growth Management LP bought a new position in Peabody Energy Co. (NYSE:BTU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 60,000 shares of the coal producer’s stock, valued at approximately $2,362,000.
Other hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in Peabody Energy in the 2nd quarter worth about $105,000. SG Americas Securities LLC acquired a new position in Peabody Energy in the 4th quarter worth about $110,000. New York State Teachers Retirement System acquired a new position in Peabody Energy in the 3rd quarter worth about $125,000. Meeder Asset Management Inc. increased its position in Peabody Energy by 147.2% in the 4th quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock worth $142,000 after purchasing an additional 2,158 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Peabody Energy in the 4th quarter worth about $179,000. 97.75% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on BTU. Jefferies Group raised Peabody Energy to a “buy” rating and upped their target price for the stock from $38.00 to $43.00 in a research report on Tuesday, December 5th. B. Riley reiterated a “buy” rating on shares of Peabody Energy in a research note on Wednesday, November 1st. ValuEngine downgraded Peabody Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. FBR & Co reiterated a “buy” rating and set a $37.00 price target (up previously from $36.00) on shares of Peabody Energy in a research note on Wednesday, October 25th. Finally, Zacks Investment Research upgraded Peabody Energy from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, January 24th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.00.
Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.19. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($10.53) EPS. research analysts expect that Peabody Energy Co. will post 3.53 earnings per share for the current year.
The firm also recently announced a Not Available dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a yield of 0.00296468161897396%. Peabody Energy’s payout ratio is 4.51%.
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About Peabody Energy
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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