O Brien Greene & Co. Inc Trims Stock Position in Peabody Energy Co. (NYSE:BTU)

O Brien Greene & Co. Inc reduced its stake in shares of Peabody Energy Co. (NYSE:BTU) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,026 shares of the coal producer’s stock after selling 1,300 shares during the period. O Brien Greene & Co. Inc’s holdings in Peabody Energy were worth $770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in shares of Peabody Energy by 265,937.3% in the third quarter. Pacer Advisors Inc. now owns 8,023,686 shares of the coal producer’s stock valued at $212,949,000 after acquiring an additional 8,020,670 shares in the last quarter. State Street Corp boosted its stake in shares of Peabody Energy by 7.6% during the 3rd quarter. State Street Corp now owns 7,631,707 shares of the coal producer’s stock worth $202,546,000 after purchasing an additional 540,219 shares during the last quarter. Progeny 3 Inc. grew its holdings in shares of Peabody Energy by 1.6% during the third quarter. Progeny 3 Inc. now owns 3,580,014 shares of the coal producer’s stock worth $95,014,000 after buying an additional 56,280 shares in the last quarter. American Century Companies Inc. raised its position in shares of Peabody Energy by 20.2% in the second quarter. American Century Companies Inc. now owns 3,165,258 shares of the coal producer’s stock valued at $70,016,000 after buying an additional 531,440 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Peabody Energy by 1.2% during the second quarter. Assenagon Asset Management S.A. now owns 2,190,141 shares of the coal producer’s stock valued at $48,446,000 after buying an additional 26,202 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark boosted their price target on Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. B. Riley upped their target price on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, BMO Capital Markets raised their price target on Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th.

Insider Transactions at Peabody Energy

In related news, CFO Mark Spurbeck sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the chief financial officer now directly owns 65,710 shares in the company, valued at approximately $1,939,759.20. This trade represents a 13.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Peabody Energy Stock Down 2.9 %

Shares of NYSE BTU opened at $22.38 on Monday. The stock has a market capitalization of $2.72 billion, a PE ratio of 5.92 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $25.84 and a 200-day moving average of $23.90. Peabody Energy Co. has a 52-week low of $20.21 and a 52-week high of $29.94.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.58 by $0.16. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, analysts anticipate that Peabody Energy Co. will post 3.15 EPS for the current year.

Peabody Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.34%. Peabody Energy’s dividend payout ratio (DPR) is 7.94%.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.