Meeder Asset Management Inc. raised its position in Peabody Energy Co. (NYSE:BTU) by 147.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,624 shares of the coal producer’s stock after purchasing an additional 2,158 shares during the quarter. Meeder Asset Management Inc.’s holdings in Peabody Energy were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Peabody Energy in the fourth quarter valued at approximately $110,000. Legal & General Group Plc increased its stake in shares of Peabody Energy by 28.5% in the third quarter. Legal & General Group Plc now owns 16,302 shares of the coal producer’s stock valued at $473,000 after purchasing an additional 3,616 shares during the period. American Century Companies Inc. increased its stake in shares of Peabody Energy by 14.1% in the third quarter. American Century Companies Inc. now owns 33,794 shares of the coal producer’s stock valued at $980,000 after purchasing an additional 4,181 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Peabody Energy in the second quarter valued at approximately $105,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Peabody Energy in the third quarter valued at approximately $125,000. Institutional investors own 94.33% of the company’s stock.
Several research firms have recently issued reports on BTU. Zacks Investment Research cut shares of Peabody Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. ValuEngine cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley reiterated a “buy” rating and issued a $49.00 price objective on shares of Peabody Energy in a report on Tuesday, January 23rd. Seaport Global Securities reiterated a “buy” rating and issued a $48.00 price objective on shares of Peabody Energy in a report on Monday, January 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $43.00 price objective on shares of Peabody Energy in a report on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Peabody Energy has an average rating of “Buy” and an average target price of $41.20.
Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.19. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted ($10.53) earnings per share. analysts anticipate that Peabody Energy Co. will post 2.91 EPS for the current fiscal 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 issued a dividend of $0.115 per share. This represents a yield of 0.00296468161897396%. The ex-dividend date of this dividend is Thursday, February 15th.
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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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