Charles Schwab Investment Management Inc. Purchases 171,272 Shares of Peabody Energy Co. (NYSE:BTU)

Charles Schwab Investment Management Inc. boosted its position in shares of Peabody Energy Co. (NYSE:BTU) by 14.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,388,681 shares of the coal producer’s stock after buying an additional 171,272 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Peabody Energy were worth $36,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its position in shares of Peabody Energy by 7.6% in the second quarter. Mackenzie Financial Corp now owns 10,023 shares of the coal producer’s stock valued at $222,000 after acquiring an additional 709 shares during the period. Blue Trust Inc. grew its stake in shares of Peabody Energy by 11,390.0% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock worth $28,000 after purchasing an additional 1,139 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Peabody Energy by 69.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the coal producer’s stock valued at $74,000 after purchasing an additional 1,151 shares during the period. Financial Management Professionals Inc. purchased a new position in Peabody Energy during the 3rd quarter valued at about $36,000. Finally, GAMMA Investing LLC raised its position in Peabody Energy by 292.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock valued at $55,000 after purchasing an additional 1,533 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Peabody Energy 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 completion of 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Peabody Energy Stock Down 1.1 %

BTU stock opened at $23.60 on Tuesday. Peabody Energy Co. has a fifty-two week low of $20.21 and a fifty-two week high of $29.94. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 6.24 and a beta of 0.98. The business’s 50 day moving average price is $26.03 and its two-hundred day moving average price is $23.90. 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 (NYSE:BTU) last issued its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.16. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, analysts forecast that Peabody Energy Co. will post 3.15 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.27%. Peabody Energy’s dividend payout ratio (DPR) is currently 7.94%.

Analysts Set New Price Targets

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

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.