Intech Investment Management LLC Invests $893,000 in Peabody Energy Co. (NYSE:BTU)

Intech Investment Management LLC acquired a new stake in Peabody Energy Co. (NYSE:BTU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,635 shares of the coal producer’s stock, valued at approximately $893,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of Peabody Energy by 11,390.0% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after acquiring an additional 1,139 shares during the period. Financial Management Professionals Inc. acquired a new position in Peabody Energy during the third quarter worth $36,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Peabody Energy in the third quarter valued at $43,000. Altshuler Shaham Ltd purchased a new stake in shares of Peabody Energy in the 2nd quarter valued at $44,000. Finally, GAMMA Investing LLC lifted its stake in Peabody Energy by 292.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock worth $55,000 after acquiring an additional 1,533 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Stock Performance

Shares of Peabody Energy stock opened at $24.25 on Friday. The business has a 50-day simple moving average of $26.02 and a 200-day simple moving average of $23.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.75 and a current ratio of 2.32. Peabody Energy Co. has a one year low of $20.21 and a one year high of $29.94. The company has a market cap of $2.95 billion, a PE ratio of 6.42 and a beta of 0.98.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.16. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities research analysts forecast that Peabody Energy Co. will post 3.15 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Mark Spurbeck sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.