MetLife Investment Advisors LLC bought a new stake in Peabody Energy (NYSE:BTU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,882 shares of the coal producer’s stock, valued at approximately $1,216,000.
Other large investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Peabody Energy in the 4th quarter valued at $110,000. Meeder Asset Management Inc. grew its holdings in Peabody Energy by 147.2% in the 4th quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock valued at $142,000 after buying an additional 2,158 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Peabody Energy in the 4th quarter valued at $179,000. Jane Street Group LLC purchased a new stake in Peabody Energy in the 3rd quarter valued at $218,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in Peabody Energy in the 3rd quarter valued at $240,000. Institutional investors own 79.34% of the company’s stock.
In related news, CFO Amy B. Schwetz sold 933 shares of the stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $36.92, for a total transaction of $34,446.36. Following the transaction, the chief financial officer now owns 215,419 shares of the company’s stock, valued at approximately $7,953,269.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Charles F. Meintjes sold 1,125 shares of the stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $36.92, for a total value of $41,535.00. Following the transaction, the executive vice president now directly owns 206,135 shares in the company, valued at approximately $7,610,504.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,519 shares of company stock worth $129,921. 0.42% of the stock is owned by corporate insiders.
NYSE BTU opened at $35.65 on Tuesday. The firm has a market cap of $4,767.12 and a PE ratio of 3.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.53. Peabody Energy has a twelve month low of $22.58 and a twelve month high of $41.98.
Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Wednesday, February 7th. The coal producer reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.19. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Peabody Energy had a return on equity of 32.83% and a net margin of 14.41%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($10.53) EPS. equities analysts expect that Peabody Energy will post 2.96 earnings per share for the current year.
Several analysts have issued reports on the company. Zacks Investment Research cut Peabody Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. JPMorgan Chase restated an “overweight” rating and issued a $48.00 target price (down from $52.00) on shares of Peabody Energy in a report on Friday, March 16th. ValuEngine cut Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. B. Riley restated a “buy” rating and issued a $49.00 target price on shares of Peabody Energy in a report on Tuesday, January 23rd. Finally, Seaport Global Securities reiterated a “buy” rating and set a $48.00 price target on shares of Peabody Energy in a report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $42.11.
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Peabody Energy Company Profile
Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.
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