Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Peabody Energy Corporation (NYSE:BTU – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 82,480 shares of the coal producer’s stock, valued at approximately $2,187,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Peabody Energy as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in Peabody Energy by 104.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,006 shares of the coal producer’s stock worth $25,000 after acquiring an additional 1,024 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Peabody Energy by 57.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock valued at $30,000 after purchasing an additional 816 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Peabody Energy by 763.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,131 shares of the coal producer’s stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Signaturefd LLC lifted its position in shares of Peabody Energy by 48.5% in the second quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock worth $32,000 after purchasing an additional 768 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Peabody Energy during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 87.44% of the company’s stock.
Insider Transactions at Peabody Energy
In other Peabody Energy news, CAO Scott T. Jarboe sold 2,151 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $34.26, for a total transaction of $73,693.26. Following the completion of the sale, the chief accounting officer owned 82,306 shares of the company’s stock, valued at $2,819,803.56. This represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by insiders.
Peabody Energy Stock Up 2.7%
Peabody Energy (NYSE:BTU – Get Free Report) last posted its 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). Peabody Energy had a negative net margin of 0.83% and a negative return on equity of 0.25%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $990.20 million. During the same quarter last year, the business earned $0.74 earnings per share. Peabody Energy’s quarterly revenue was down 7.0% on a year-over-year basis. Sell-side analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have weighed in on BTU shares. UBS Group upped their price objective on shares of Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Jefferies Financial Group boosted their price target on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Benchmark upped their price target on shares of Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings raised Peabody Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Finally, Wall Street Zen upgraded Peabody Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Peabody Energy has a consensus rating of “Moderate Buy” and an average target price of $32.25.
Peabody Energy Profile
Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.
Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.
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