Geode Capital Management LLC Raises Stock Holdings in Peabody Energy Corporation $BTU

Geode Capital Management LLC raised its holdings in shares of Peabody Energy Corporation (NYSE:BTU) by 1.4% in the second quarter, Holdings Channel.com reports. The firm owned 3,009,472 shares of the coal producer’s stock after purchasing an additional 40,785 shares during the period. Geode Capital Management LLC’s holdings in Peabody Energy were worth $40,395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG increased its holdings in Peabody Energy by 29.8% in the 1st quarter. Deutsche Bank AG now owns 501,160 shares of the coal producer’s stock worth $6,791,000 after buying an additional 115,172 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Peabody Energy by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer’s stock worth $20,574,000 after acquiring an additional 118,307 shares during the period. Kapitalo Investimentos Ltda lifted its holdings in Peabody Energy by 77.1% during the second quarter. Kapitalo Investimentos Ltda now owns 30,000 shares of the coal producer’s stock valued at $403,000 after purchasing an additional 13,062 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Peabody Energy in the first quarter worth approximately $589,000. Finally, Public Sector Pension Investment Board increased its stake in shares of Peabody Energy by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 385,270 shares of the coal producer’s stock worth $5,220,000 after purchasing an additional 82,563 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Up 1.9%

Shares of BTU opened at $26.59 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 25.82 and a beta of 0.50. Peabody Energy Corporation has a 1 year low of $9.61 and a 1 year high of $35.99. The business’s 50 day simple moving average is $28.49 and its 200-day simple moving average is $20.07.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.20 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. As a group, equities analysts expect that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be given a $0.075 dividend. The ex-dividend date is Thursday, November 13th. This represents a $0.30 annualized dividend and a yield of 1.1%. Peabody Energy’s dividend payout ratio (DPR) is currently -103.45%.

Analysts Set New Price Targets

BTU has been the topic of a number of analyst reports. Wall Street Zen cut shares of Peabody Energy from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group raised their price target on Peabody Energy from $17.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Peabody Energy in a research report on Wednesday, November 19th. Zacks Research cut Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Finally, Benchmark boosted their price target on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Peabody Energy has a consensus rating of “Hold” and a consensus target price of $27.00.

Peabody Energy Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.