Engineers Gate Manager LP Boosts Stake in Peabody Energy Co. (BTU)

Engineers Gate Manager LP boosted its stake in Peabody Energy Co. (NYSE:BTU) by 69.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,254 shares of the coal producer’s stock after buying an additional 27,071 shares during the quarter. Engineers Gate Manager LP owned approximately 0.06% of Peabody Energy worth $2,608,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in shares of Peabody Energy in the 2nd quarter worth $142,007,000. BlackRock Inc. acquired a new stake in Peabody Energy in the 2nd quarter valued at $91,395,000. Platinum Investment Management Ltd. acquired a new stake in Peabody Energy in the 3rd quarter valued at $75,765,000. Brookfield Asset Management Inc. acquired a new stake in Peabody Energy in the 2nd quarter valued at $28,800,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Peabody Energy during the third quarter valued at about $33,589,000. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Co. (NYSE:BTU) traded up $0.08 during midday trading on Monday, reaching $38.29. 442,743 shares of the company’s stock traded hands, compared to its average volume of 1,084,781. Peabody Energy Co. has a 12-month low of $22.58 and a 12-month high of $41.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.53 and a current ratio of 1.76. The stock has a market cap of $3,992.95 and a PE ratio of 3.75.

Peabody Energy (NYSE:BTU) last issued its earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.19. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. Peabody Energy had a net margin of 14.41% and a return on equity of 32.83%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted ($10.53) EPS. equities research analysts expect that Peabody Energy Co. will post 2.91 earnings per share for the current fiscal year.

The firm also recently disclosed a Not Available dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 19th will be paid a $0.115 dividend. This represents a dividend yield of 0.00296468161897396%. The ex-dividend date of this dividend is Thursday, February 15th.

Several brokerages have recently weighed in on BTU. ValuEngine downgraded Peabody Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. B. Riley reiterated a “buy” rating and issued a $49.00 price target on shares of Peabody Energy in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, January 24th. Seaport Global Securities reissued a “buy” rating and issued a $48.00 target price on shares of Peabody Energy in a report on Monday, January 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price target on shares of Peabody Energy in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.20.

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Peabody Energy Profile

Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.

Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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