Geode Capital Management LLC Has $31.69 Million Holdings in Peabody Energy Co. (BTU)
Geode Capital Management LLC raised its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 804,804 shares of the coal producer’s stock after purchasing an additional 40,058 shares during the period. Geode Capital Management LLC owned 0.77% of Peabody Energy worth $31,685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Peabody Energy during the fourth quarter valued at approximately $110,000. Meeder Asset Management Inc. increased its stake in shares of Peabody Energy by 147.2% during the fourth quarter. Meeder Asset Management Inc. now owns 3,624 shares of the coal producer’s stock valued at $142,000 after purchasing an additional 2,158 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Peabody Energy during the fourth quarter valued at approximately $179,000. Amalgamated Bank bought a new position in shares of Peabody Energy during the third quarter valued at approximately $211,000. Finally, Jane Street Group LLC bought a new position in shares of Peabody Energy during the third quarter valued at approximately $218,000. 79.34% of the stock is owned by institutional investors and hedge funds.
Shares of Peabody Energy Co. (BTU) opened at $38.26 on Friday. Peabody Energy Co. has a fifty-two week low of $22.58 and a fifty-two week high of $41.98. The company has a current ratio of 1.76, a quick ratio of 1.53 and a debt-to-equity ratio of 0.46. The company has a market cap of $5,183.51 and a P/E ratio of 4.15.
The company also recently declared a Not Available dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 19th were issued a dividend of $0.115 per share. This represents a dividend yield of 0.00296468161897396%. The ex-dividend date was Thursday, February 15th. Peabody Energy’s payout ratio is 4.51%.
BTU has been the subject of a number of analyst reports. ValuEngine raised shares of Peabody Energy from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Monday, December 4th. Jefferies Group raised shares of Peabody Energy to a “buy” rating and raised their target price for the company from $38.00 to $43.00 in a research note on Tuesday, December 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 target price on shares of Peabody Energy in a research note on Tuesday, January 16th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $48.00 target price on shares of Peabody Energy in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $42.30.
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Peabody Energy 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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