Insider Buying: Peabody Energy Co. (NYSE:BTU) Major Shareholder Purchases $11,640,361.32 in Stock

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Peabody Energy Co. (NYSE:BTU) major shareholder International L.P. Elliott purchased 634,698 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $18.34 per share, with a total value of $11,640,361.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

International L.P. Elliott also recently made the following trade(s):

  • On Thursday, August 1st, International L.P. Elliott purchased 150,000 shares of Peabody Energy stock. The stock was purchased at an average price of $18.48 per share, with a total value of $2,772,000.00.

Shares of BTU opened at $17.66 on Thursday. The company has a market cap of $1.97 billion, a P/E ratio of 5.61 and a beta of 0.83. The stock’s fifty day moving average is $22.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.81. Peabody Energy Co. has a 12 month low of $17.20 and a 12 month high of $44.71.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Wednesday, July 31st. The coal producer reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.09. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.22 billion. Peabody Energy had a return on equity of 10.64% and a net margin of 9.47%. The firm’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 EPS. Equities analysts predict that Peabody Energy Co. will post 2.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.145 per share. This is an increase from Peabody Energy’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a yield of 3.28%. Peabody Energy’s dividend payout ratio is presently 17.78%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Martingale Asset Management L P grew its stake in Peabody Energy by 6.9% during the 1st quarter. Martingale Asset Management L P now owns 66,274 shares of the coal producer’s stock worth $1,878,000 after buying an additional 4,300 shares during the last quarter. Cerebellum GP LLC acquired a new position in Peabody Energy during the 1st quarter worth $322,000. Thornburg Investment Management Inc. boosted its position in Peabody Energy by 1.4% during the 1st quarter. Thornburg Investment Management Inc. now owns 1,287,366 shares of the coal producer’s stock worth $36,471,000 after acquiring an additional 17,241 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Peabody Energy by 57.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 575,364 shares of the coal producer’s stock worth $16,301,000 after acquiring an additional 210,564 shares during the period. Finally, FMR LLC boosted its position in Peabody Energy by 33.5% during the 4th quarter. FMR LLC now owns 371,464 shares of the coal producer’s stock worth $11,322,000 after acquiring an additional 93,163 shares during the period.

BTU has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Peabody Energy from a “strong sell” rating to a “hold” rating in a report on Monday, July 22nd. MKM Partners lowered their price target on Peabody Energy from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Deutsche Bank lowered their price target on Peabody Energy from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday. Finally, Jefferies Financial Group downgraded Peabody Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from $27.00 to $18.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $34.89.

Peabody Energy Company Profile

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

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Insider Buying and Selling by Quarter for Peabody Energy (NYSE:BTU)

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