Dupont Capital Management Corp Buys New Stake in Peabody Energy Corporation (BTU)
Dupont Capital Management Corp bought a new stake in shares of Peabody Energy Corporation (NYSE:BTU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 210,540 shares of the coal producer’s stock, valued at approximately $5,148,000.
Other large investors also recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new stake in Peabody Energy Corporation during the second quarter valued at $1,461,000. Schwab Charles Investment Management Inc. bought a new stake in Peabody Energy Corporation during the second quarter valued at $9,104,000. TD Asset Management Inc. bought a new stake in Peabody Energy Corporation during the second quarter valued at $11,766,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in Peabody Energy Corporation during the second quarter valued at $748,000. Finally, Strs Ohio bought a new stake in Peabody Energy Corporation during the second quarter valued at $933,000. Institutional investors and hedge funds own 1.91% of the company’s stock.
Peabody Energy Corporation (BTU) opened at 28.22 on Wednesday. The company’s market cap is $2.73 billion. The firm’s 50-day moving average is $26.06 and its 200-day moving average is $25.32. Peabody Energy Corporation has a 52 week low of $22.58 and a 52 week high of $32.50.
Peabody Energy Corporation (NYSE:BTU) last posted its quarterly earnings data on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by $1.07. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. On average, analysts expect that Peabody Energy Corporation will post $5.56 EPS for the current fiscal year.
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Several equities research analysts recently weighed in on the stock. Stifel Nicolaus set a $32.00 target price on shares of Peabody Energy Corporation and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. MKM Partners initiated coverage on shares of Peabody Energy Corporation in a research note on Thursday, April 27th. They set a “buy” rating and a $53.00 price target for the company. J P Morgan Chase & Co restated an “overweight” rating and set a $35.00 price target on shares of Peabody Energy Corporation in a research note on Wednesday, April 26th. Finally, FBR & Co raised their price target on shares of Peabody Energy Corporation from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $35.57.
In other Peabody Energy Corporation news, insider Glenn L. Kellow acquired 8,520 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was purchased at an average price of $23.49 per share, with a total value of $200,134.80. Following the acquisition, the insider now directly owns 689,410 shares of the company’s stock, valued at approximately $16,194,240.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Associates L.P. Elliott acquired 24,045 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was acquired at an average cost of $23.49 per share, with a total value of $564,817.05. The disclosure for this purchase can be found here. Insiders acquired a total of 41,993 shares of company stock valued at $985,567 in the last three months.
Peabody Energy Corporation Company Profile
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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