Peabody Energy Co. (BTU) Position Increased by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its stake in Peabody Energy Co. (NYSE:BTU) by 18.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 492,692 shares of the coal producer’s stock after purchasing an additional 75,027 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Peabody Energy were worth $19,398,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in BTU. Platinum Investment Management Ltd. acquired a new stake in Peabody Energy in the 3rd quarter worth approximately $75,765,000. Dimensional Fund Advisors LP acquired a new stake in Peabody Energy in the 3rd quarter worth approximately $33,589,000. Northern Trust Corp acquired a new stake in Peabody Energy in the 2nd quarter worth approximately $16,296,000. State Street Corp acquired a new stake in Peabody Energy in the 2nd quarter worth approximately $12,024,000. Finally, Prudential Financial Inc. purchased a new position in Peabody Energy during the 3rd quarter worth approximately $8,764,000. Institutional investors own 97.75% of the company’s stock.
Peabody Energy Co. (NYSE:BTU) opened at $39.88 on Wednesday. Peabody Energy Co. has a 1 year low of $22.58 and a 1 year high of $41.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.53 and a current ratio of 1.76. The stock has a market cap of $4,237.48 and a P/E ratio of 4.21.
The company also recently announced a Not Available dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be issued a dividend of $0.115 per share. This represents a dividend yield of 0.00296468161897396%. The ex-dividend date of this dividend is Thursday, February 15th. Peabody Energy’s dividend payout ratio (DPR) is 4.51%.
A number of equities analysts have issued reports on BTU shares. FBR & Co reissued a “buy” rating and set a $37.00 price target (up from $36.00) on shares of Peabody Energy in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, October 25th. B. Riley reissued a “buy” rating on shares of Peabody Energy in a research report on Wednesday, November 1st. ValuEngine lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Jefferies Group started coverage on shares of Peabody Energy in a research report on Tuesday, November 14th. They set a “buy” rating and a $38.00 price target for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $41.00.
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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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