Geode Capital Management LLC Has $30.64 Million Holdings in Peabody Energy Co. (NYSE:BTU)

Geode Capital Management LLC trimmed its holdings in Peabody Energy Co. (NYSE:BTU) by 26.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,005,117 shares of the coal producer’s stock after selling 353,476 shares during the quarter. Geode Capital Management LLC owned 0.88% of Peabody Energy worth $30,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marble Ridge Capital LP bought a new position in Peabody Energy during the 4th quarter valued at about $23,414,000. Kepos Capital LP increased its holdings in Peabody Energy by 69.9% in the 4th quarter. Kepos Capital LP now owns 117,069 shares of the coal producer’s stock worth $3,568,000 after acquiring an additional 48,183 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Peabody Energy by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,398,714 shares of the coal producer’s stock worth $103,594,000 after acquiring an additional 106,490 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Peabody Energy by 25.7% in the 4th quarter. Hsbc Holdings PLC now owns 8,336 shares of the coal producer’s stock worth $254,000 after acquiring an additional 1,702 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Peabody Energy by 19.0% in the 4th quarter. Northern Trust Corp now owns 1,485,236 shares of the coal producer’s stock worth $45,270,000 after acquiring an additional 236,938 shares in the last quarter.

In other Peabody Energy news, CEO Glenn L. Kellow sold 2,601 shares of Peabody Energy stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $29.67, for a total value of $77,171.67. Following the transaction, the chief executive officer now owns 699,477 shares in the company, valued at $20,753,482.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP A. Verona Dorch sold 2,170 shares of Peabody Energy stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $29.72, for a total value of $64,492.40. Following the completion of the transaction, the executive vice president now owns 126,058 shares in the company, valued at approximately $3,746,443.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,979 shares of company stock worth $1,663,697. Insiders own 0.75% of the company’s stock.

A number of equities research analysts have issued reports on BTU shares. Zacks Investment Research lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Friday, April 12th. MKM Partners cut their price objective on shares of 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 started coverage on shares of Peabody Energy in a report on Sunday, March 31st. They set a “buy” rating and a $33.00 price objective for the company. Credit Suisse Group started coverage on shares of Peabody Energy in a report on Wednesday, March 20th. They issued an “outperform” rating and a $42.00 target price for the company. Finally, BMO Capital Markets started coverage on shares of Peabody Energy in a report on Wednesday, March 20th. They issued a “market perform” rating and a $34.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.50.

Shares of NYSE:BTU traded up $0.36 on Friday, hitting $28.62. 730,249 shares of the company’s stock were exchanged, compared to its average volume of 774,566. Peabody Energy Co. has a 12 month low of $27.10 and a 12 month high of $47.84. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 9.09 and a beta of 0.62. The company has a current ratio of 1.85, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39.

Peabody Energy (NYSE:BTU) last released its earnings results on Wednesday, February 6th. The coal producer reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.20. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. Peabody Energy had a return on equity of 14.57% and a net margin of 11.73%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $2.47 earnings per share. As a group, equities research analysts predict that Peabody Energy Co. will post 1.81 EPS for the current fiscal year.

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Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business. The company operates through Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other segments. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; mining bituminous and sub-bituminous coal deposits; and mining metallurgical coal, such as hard coking coal, semi-hard coking coal, semi-soft coking coal, and pulverized coal injection coal.

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

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