Meeder Asset Management Inc. grew its position in Peabody Energy Co. (NYSE:BTU) by 27.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,396 shares of the coal producer’s stock after purchasing an additional 3,549 shares during the period. Meeder Asset Management Inc.’s holdings in Peabody Energy were worth $585,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in Peabody Energy by 2.0% during the third quarter. Wells Fargo & Company MN now owns 112,362 shares of the coal producer’s stock worth $4,004,000 after purchasing an additional 2,254 shares during the period. Stratos Wealth Partners LTD. boosted its position in Peabody Energy by 15.2% during the third quarter. Stratos Wealth Partners LTD. now owns 17,389 shares of the coal producer’s stock worth $620,000 after purchasing an additional 2,300 shares during the period. Engineers Gate Manager LP boosted its position in Peabody Energy by 796.6% during the third quarter. Engineers Gate Manager LP now owns 40,385 shares of the coal producer’s stock worth $1,439,000 after purchasing an additional 35,881 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Peabody Energy by 5.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 68,047 shares of the coal producer’s stock worth $2,425,000 after purchasing an additional 3,360 shares during the period. Finally, Trilogy Capital Inc. bought a new position in Peabody Energy during the third quarter worth about $156,000. Institutional investors own 99.17% of the company’s stock.

In other Peabody Energy news, insider George John Schuller, Jr. sold 12,312 shares of Peabody Energy stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $41.13, for a total transaction of $506,392.56. Following the completion of the sale, the insider now directly owns 55,627 shares in the company, valued at $2,287,938.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP A. Verona Dorch sold 3,187 shares of Peabody Energy stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $35.28, for a total transaction of $112,437.36. Following the sale, the executive vice president now owns 142,456 shares of the company’s stock, valued at $5,025,847.68. The disclosure for this sale can be found here. Insiders sold 79,486 shares of company stock valued at $3,108,904 over the last 90 days. 0.42% of the stock is owned by company insiders.

A number of equities analysts have weighed in on the stock. B. Riley increased their target price on shares of Peabody Energy from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Zacks Investment Research lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 5th. Macquarie cut their target price on shares of Peabody Energy from $49.00 to $36.00 and set a “hold” rating for the company in a research report on Monday, October 1st. ValuEngine lowered shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Clarkson Capital lowered shares of Peabody Energy from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Peabody Energy has an average rating of “Hold” and an average target price of $44.33.

BTU stock opened at $35.22 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.05 and a quick ratio of 1.81. Peabody Energy Co. has a 12 month low of $30.49 and a 12 month high of $47.84. The company has a market capitalization of $4.10 billion, a PE ratio of 9.16 and a beta of 0.64.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Tuesday, October 30th. The coal producer reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.55). Peabody Energy had a net margin of 13.20% and a return on equity of 19.01%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business posted $1.47 earnings per share. Peabody Energy’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts predict that Peabody Energy Co. will post 3.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st will be given a $0.13 dividend. This is a positive change from Peabody Energy’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, October 30th.

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Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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