Peabody Energy Co. (BTU) Stake Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in Peabody Energy Co. (NYSE:BTU) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,477 shares of the coal producer’s stock after buying an additional 4,652 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.05% of Peabody Energy worth $2,366,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its position in shares of Peabody Energy by 69.9% during the 2nd quarter. Bank of Montreal Can now owns 81,574 shares of the coal producer’s stock worth $3,710,000 after buying an additional 33,574 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Peabody Energy during the 2nd quarter worth about $3,748,000. Victory Capital Management Inc. bought a new stake in shares of Peabody Energy during the 2nd quarter worth about $46,256,000. IndexIQ Advisors LLC raised its position in shares of Peabody Energy by 12.5% during the 2nd quarter. IndexIQ Advisors LLC now owns 59,929 shares of the coal producer’s stock worth $2,726,000 after buying an additional 6,673 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Peabody Energy by 3,638.0% during the 2nd quarter. Sei Investments Co. now owns 32,483 shares of the coal producer’s stock worth $1,477,000 after buying an additional 31,614 shares in the last quarter. Hedge funds and other institutional investors own 99.80% of the company’s stock.

BTU has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. B. Riley boosted their price target on shares of Peabody Energy from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Seaport Global Securities downgraded shares of Peabody Energy from a “buy” rating to a “neutral” rating in a research report on Friday, September 28th. Clarkson Capital downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research report on Friday, September 28th. Finally, Macquarie dropped their price target on shares of Peabody Energy from $49.00 to $36.00 and set a “hold” rating on the stock in a research report on Monday, October 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.33.

Shares of BTU opened at $32.89 on Tuesday. The company has a market capitalization of $3.57 billion, a PE ratio of 7.96 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 2.05. Peabody Energy Co. has a 12-month low of $29.66 and a 12-month high of $47.84.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Tuesday, October 30th. The coal producer reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.55). The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. Peabody Energy had a return on equity of 19.01% and a net margin of 13.20%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. As a group, research analysts forecast that Peabody Energy Co. will post 2.96 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st were paid a $0.13 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.58%. This is a boost from Peabody Energy’s previous quarterly dividend of $0.13.

In other news, EVP A. Verona Dorch sold 3,187 shares of Peabody Energy stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $35.28, for a total value of $112,437.36. Following the transaction, the executive vice president now owns 142,456 shares of the company’s stock, valued at approximately $5,025,847.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

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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.

Further Reading: Why investors pay attention to retained earnings

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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