Duality Advisers LP Acquires Shares of 184,291 Peabody Energy Co. (NYSE:BTU)

Duality Advisers LP bought a new stake in shares of Peabody Energy Co. (NYSE:BTU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 184,291 shares of the coal producer's stock, valued at approximately $4,482,000. Duality Advisers LP owned about 0.14% of Peabody Energy at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in Peabody Energy by 0.3% during the fourth quarter. Alliancebernstein L.P. now owns 131,800 shares of the coal producer's stock valued at $3,482,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System grew its stake in shares of Peabody Energy by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 37,080 shares of the coal producer's stock worth $964,000 after acquiring an additional 498 shares during the period. O Brien Greene & Co. Inc grew its stake in shares of Peabody Energy by 1.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 29,915 shares of the coal producer's stock worth $648,000 after acquiring an additional 500 shares during the period. EverSource Wealth Advisors LLC raised its stake in Peabody Energy by 84.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,240 shares of the coal producer's stock valued at $32,000 after acquiring an additional 568 shares during the period. Finally, Byrne Asset Management LLC raised its stake in Peabody Energy by 20.6% in the 4th quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer's stock valued at $92,000 after acquiring an additional 630 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Insider Transactions at Peabody Energy

In related news, CFO Mark Spurbeck sold 6,826 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $24.57, for a total transaction of $167,714.82. Following the completion of the transaction, the chief financial officer now directly owns 75,464 shares in the company, valued at $1,854,150.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Mark Spurbeck sold 6,826 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $167,714.82. Following the sale, the chief financial officer now directly owns 75,464 shares of the company's stock, valued at $1,854,150.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicholas J. Chirekos sold 14,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.50, for a total transaction of $357,000.00. Following the completion of the transaction, the director now directly owns 24,279 shares of the company's stock, valued at approximately $619,114.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,806 shares of company stock valued at $1,339,565. 0.09% of the stock is currently owned by company insiders.

Peabody Energy Price Performance

BTU traded down $0.01 during trading on Friday, reaching $24.08. 1,414,867 shares of the company were exchanged, compared to its average volume of 2,622,664. The company has a quick ratio of 1.70, a current ratio of 2.06 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 4.84 and a beta of 0.98. Peabody Energy Co. has a 12-month low of $17.71 and a 12-month high of $27.24. The company's 50-day moving average is $24.49 and its two-hundred day moving average is $24.52.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($0.08). The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.22 billion. Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The company's quarterly revenue was down 24.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 earnings per share. Research analysts forecast that Peabody Energy Co. will post 3.07 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. Peabody Energy's dividend payout ratio (DPR) is currently 6.02%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BTU. B. Riley cut their target price on shares of Peabody Energy from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Monday, April 15th. Benchmark reaffirmed a "buy" rating and issued a $28.00 price objective on shares of Peabody Energy in a report on Friday, April 12th.

Peabody Energy Company Profile

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.

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