FNY Investment Advisers LLC Purchases New Position in Peabody Energy Co. (NYSE:BTU)

FNY Investment Advisers LLC acquired a new position in Peabody Energy Co. (NYSE:BTU) in the 4th quarter, HoldingsChannel reports. The firm acquired 9,300 shares of the coal producer’s stock, valued at approximately $194,000.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of Peabody Energy by 79.2% during the third quarter. Franklin Resources Inc. now owns 175,424 shares of the coal producer’s stock valued at $4,693,000 after acquiring an additional 77,525 shares in the last quarter. Zacks Investment Management purchased a new position in Peabody Energy during the 3rd quarter valued at $1,714,000. Geode Capital Management LLC increased its position in Peabody Energy by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,918,536 shares of the coal producer’s stock valued at $77,473,000 after purchasing an additional 216,887 shares during the period. State Street Corp raised its holdings in Peabody Energy by 7.6% in 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Peabody Energy by 167.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 200,073 shares of the coal producer’s stock worth $5,310,000 after purchasing an additional 125,244 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Price Performance

Shares of NYSE BTU opened at $18.58 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. Peabody Energy Co. has a twelve month low of $17.73 and a twelve month high of $29.94. The firm has a market cap of $2.26 billion, a P/E ratio of 4.92 and a beta of 0.99. The company has a 50 day moving average of $23.02 and a 200 day moving average of $23.41.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.16. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts expect that Peabody Energy Co. will post 3.15 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.61%. Peabody Energy’s dividend payout ratio (DPR) is currently 7.94%.

Analyst Ratings Changes

A number of research firms recently issued reports on BTU. B. Riley increased their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. BMO Capital Markets raised shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Monday, December 16th. Benchmark raised their target price on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group dropped their price target on Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, January 6th.

Insider Buying and Selling

In other Peabody Energy 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 value of $295,200.00. Following the transaction, the chief financial officer now directly owns 65,710 shares of the company’s stock, valued at approximately $1,939,759.20. This trade represents a 13.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

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.