Peabody Energy Co. (NYSE:BTU) Major Shareholder Buys $2,772,000.00 in Stock

Peabody Energy Co. (NYSE:BTU) major shareholder International L.P. Elliott acquired 150,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average cost of $18.48 per share, with a total value of $2,772,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, August 5th, International L.P. Elliott acquired 634,698 shares of Peabody Energy stock. The shares were acquired at an average cost of $18.34 per share, with a total value of $11,640,361.32.

Shares of BTU traded down $0.37 during mid-day trading on Monday, reaching $18.05. 1,344,900 shares of the company’s stock were exchanged, compared to its average volume of 838,852. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.52 and a current ratio of 1.81. The stock’s 50-day simple moving average is $22.66. Peabody Energy Co. has a 52-week low of $17.66 and a 52-week high of $44.71. The company has a market cap of $1.97 billion, a P/E ratio of 5.73 and a beta of 0.83.

Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, July 31st. The coal producer reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.09. Peabody Energy had a net margin of 9.47% and a return on equity of 10.64%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $0.93 earnings per share. Peabody Energy’s revenue was down 12.2% compared to the same quarter last year. On average, equities research analysts predict that Peabody Energy Co. will post 2.16 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BTU. AJO LP boosted its position in Peabody Energy by 28.8% during the first quarter. AJO LP now owns 1,269,843 shares of the coal producer’s stock worth $35,975,000 after acquiring an additional 284,145 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Peabody Energy by 57.7% during the first 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 last quarter. FMR LLC boosted its position in Peabody Energy by 43.7% during the first quarter. FMR LLC now owns 533,868 shares of the coal producer’s stock worth $15,125,000 after acquiring an additional 162,404 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Peabody Energy by 228.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 189,062 shares of the coal producer’s stock worth $4,426,000 after acquiring an additional 131,585 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Peabody Energy by 5.3% during the first quarter. JPMorgan Chase & Co. now owns 2,389,495 shares of the coal producer’s stock worth $67,695,000 after acquiring an additional 119,812 shares during the last quarter.

A number of brokerages have recently weighed in on BTU. MKM Partners dropped their price objective on shares of Peabody Energy from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Deutsche Bank dropped their price objective on shares of Peabody Energy from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday. Finally, Zacks Investment Research raised shares of Peabody Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.00.

About Peabody Energy

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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