Millennium Management LLC lifted its stake in shares of Peabody Energy Co. (NYSE:BTU) by 45.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,237,696 shares of the coal producer’s stock after buying an additional 703,221 shares during the period. Millennium Management LLC owned approximately 2.14% of Peabody Energy worth $88,098,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Peabody Energy during the fourth quarter worth $110,000. New York State Teachers Retirement System purchased a new position in shares of Peabody Energy during the third quarter worth $125,000. Meeder Asset Management Inc. raised its holdings 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 worth $142,000 after purchasing an additional 2,158 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Peabody Energy during the fourth quarter worth $179,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Peabody Energy during the third quarter worth $209,000. Institutional investors and hedge funds own 79.37% of the company’s stock.
Peabody Energy Co. (NYSE:BTU) opened at $39.85 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 debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.53. The firm has a market cap of $5,105.68 and a price-to-earnings ratio of 3.91.
The company also recently disclosed a Not Available dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 19th were issued a $0.115 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a yield of 0.00296468161897396%. Peabody Energy’s payout ratio is 4.51%.
Several research analysts recently issued reports on BTU shares. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a report on Tuesday, December 26th. Jefferies Group raised shares of Peabody Energy to a “buy” rating and raised their target price for the stock from $38.00 to $43.00 in a report on Tuesday, December 5th. Seaport Global Securities reissued a “buy” rating and set a $48.00 target price on shares of Peabody Energy in a report on Monday, January 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $43.00 target price on shares of Peabody Energy in a report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.00.
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About Peabody Energy
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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