Dynamic Technology Lab Private Ltd increased its position in Peabody Energy Co. (NYSE:BTU) by 263.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,283 shares of the coal producer’s stock after acquiring an additional 29,909 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Peabody Energy were worth $1,472,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Trilogy Capital Inc. acquired a new stake in shares of Peabody Energy in the 3rd quarter worth about $156,000. Cerebellum GP LLC acquired a new stake in shares of Peabody Energy in the 3rd quarter worth about $160,000. Cim Investment Mangement Inc. acquired a new stake in shares of Peabody Energy in the 3rd quarter worth about $203,000. CIBC Asset Management Inc acquired a new stake in shares of Peabody Energy in the 2nd quarter worth about $210,000. Finally, GWM Advisors LLC acquired a new stake in shares of Peabody Energy in the 3rd quarter worth about $229,000. 99.80% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP A. Verona Dorch sold 28,987 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $35.07, for a total transaction of $1,016,574.09. Following the completion of the transaction, the executive vice president now owns 142,456 shares in the company, valued at approximately $4,995,931.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.
Shares of BTU opened at $30.97 on Friday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 7.84 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.05 and a quick ratio of 1.81. Peabody Energy Co. has a 52-week low of $29.66 and a 52-week high of $47.84.
Peabody Energy (NYSE:BTU) last announced its earnings results on Tuesday, October 30th. The coal producer reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.55). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. Peabody Energy had a net margin of 13.20% and a return on equity of 19.01%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. Equities research analysts expect that Peabody Energy Co. will post 2.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, October 30th. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.13.
A number of equities analysts recently issued reports on the stock. B. Riley increased their target price on shares of Peabody Energy from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 19th. Zacks Investment Research upgraded shares of Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research report on Wednesday, September 26th. Seaport Global Securities lowered shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research report on Friday, September 28th. Clarkson Capital lowered shares of Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Friday, September 28th. Finally, Macquarie decreased their target price on shares of Peabody Energy from $49.00 to $36.00 and set a “hold” rating for the company in a research report on Monday, October 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Peabody Energy has a consensus rating of “Hold” and an average price target of $44.50.
About Peabody Energy
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.
Featured Story: Dollar Cost Averaging
Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.