Peabody Energy Co. (NYSE:BTU) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its stake in shares of Peabody Energy Co. (NYSE:BTU) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,935 shares of the coal producer’s stock after buying an additional 1,566 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Peabody Energy were worth $503,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BTU. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Peabody Energy during the first quarter valued at approximately $1,019,000. Comerica Bank lifted its holdings in shares of Peabody Energy by 580.4% during the 1st quarter. Comerica Bank now owns 54,153 shares of the coal producer’s stock valued at $1,314,000 after acquiring an additional 46,194 shares in the last quarter. Maverick Capital Ltd. boosted its position in shares of Peabody Energy by 91.4% in the second quarter. Maverick Capital Ltd. now owns 70,674 shares of the coal producer’s stock worth $1,563,000 after buying an additional 33,758 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Peabody Energy by 2,651.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 89,002 shares of the coal producer’s stock valued at $2,159,000 after buying an additional 85,767 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Peabody Energy during the second quarter valued at approximately $1,446,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Peabody Energy Trading Up 0.6 %

Shares of NYSE:BTU opened at $24.25 on Thursday. Peabody Energy Co. has a twelve month low of $20.21 and a twelve month high of $29.94. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.95 billion, a P/E ratio of 6.42 and a beta of 0.98. The company has a 50 day moving average of $26.00 and a 200-day moving average of $23.86.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.16. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. As a group, analysts anticipate that Peabody Energy Co. will post 3.15 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. Peabody Energy’s payout ratio is 7.94%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BTU. B. Riley boosted their price target on Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. BMO Capital Markets upped their price objective on Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. Finally, Benchmark boosted their price objective on Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In other news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the chief financial officer now owns 65,710 shares in the company, valued at approximately $1,939,759.20. The trade was a 13.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

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.