Hartree Partners LP grew its stake in shares of Peabody Energy Co. (NYSE:BTU) by 92.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,892 shares of the coal producer’s stock after purchasing an additional 75,000 shares during the quarter. Peabody Energy makes up approximately 2.7% of Hartree Partners LP’s portfolio, making the stock its 9th biggest position. Hartree Partners LP’s holdings in Peabody Energy were worth $5,556,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Peabody Energy by 90.7% in the third quarter. JPMorgan Chase & Co. now owns 2,593,969 shares of the coal producer’s stock worth $92,449,000 after acquiring an additional 1,233,753 shares during the period. Victory Capital Management Inc. purchased a new stake in Peabody Energy in the second quarter worth $46,256,000. BlackRock Inc. lifted its stake in Peabody Energy by 12.0% in the second quarter. BlackRock Inc. now owns 6,304,232 shares of the coal producer’s stock worth $286,716,000 after acquiring an additional 674,014 shares during the period. Credit Suisse AG lifted its position in Peabody Energy by 143.4% during the third quarter. Credit Suisse AG now owns 964,365 shares of the coal producer’s stock valued at $34,370,000 after buying an additional 568,206 shares during the period. Finally, Millennium Management LLC lifted its position in Peabody Energy by 77.4% during the second quarter. Millennium Management LLC now owns 1,279,815 shares of the coal producer’s stock valued at $58,206,000 after buying an additional 558,289 shares during the period. 99.80% of the stock is owned by hedge funds and other institutional investors.
In other Peabody Energy news, EVP A. Verona Dorch sold 3,187 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $35.28, for a total transaction of $112,437.36. Following the completion of the sale, the executive vice president now directly owns 142,456 shares in the company, valued at approximately $5,025,847.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.42% of the company’s stock.
Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Tuesday, October 30th. The coal producer reported $0.59 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.55). Peabody Energy had a return on equity of 19.01% and a net margin of 13.20%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. Peabody Energy’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Peabody Energy Co. will post 2.96 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.13 per share. This is an increase from Peabody Energy’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Tuesday, October 30th.
BTU has been the subject of several analyst reports. B. Riley reduced their price target on Peabody Energy to $45.00 and set a “buy” rating for the company in a report on Monday, October 1st. Zacks Investment Research downgraded Peabody Energy from a “buy” rating to a “hold” rating in a report on Monday, November 5th. Clarkson Capital downgraded Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a report on Friday, September 28th. Macquarie reduced their price target on Peabody Energy from $49.00 to $36.00 and set a “hold” rating for the company in a report on Monday, October 1st. Finally, Seaport Global Securities downgraded Peabody Energy from a “buy” rating to a “neutral” rating in a report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.33.
Peabody Energy Profile
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.
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