Morningstar Investment Services LLC Purchases New Shares in Peabody Energy Co. (NYSE:BTU)

Morningstar Investment Services LLC purchased a new stake in Peabody Energy Co. (NYSE:BTU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 155,431 shares of the coal producer’s stock, valued at approximately $460,000. Morningstar Investment Services LLC owned 0.16% of Peabody Energy as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of Peabody Energy by 128.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,515,449 shares of the coal producer’s stock valued at $13,820,000 after purchasing an additional 853,470 shares during the period. APG Asset Management N.V. boosted its position in shares of Peabody Energy by 370.1% in the 1st quarter. APG Asset Management N.V. now owns 1,202,900 shares of the coal producer’s stock valued at $30,350,000 after purchasing an additional 947,000 shares during the period. Two Sigma Advisers LP boosted its position in shares of Peabody Energy by 30.7% in the 1st quarter. Two Sigma Advisers LP now owns 1,060,600 shares of the coal producer’s stock valued at $3,076,000 after purchasing an additional 249,400 shares during the period. Federated Hermes Inc. boosted its position in shares of Peabody Energy by 145.8% in the 1st quarter. Federated Hermes Inc. now owns 1,026,998 shares of the coal producer’s stock valued at $2,978,000 after purchasing an additional 609,236 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Peabody Energy by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 962,900 shares of the coal producer’s stock valued at $2,792,000 after purchasing an additional 59,080 shares during the period. Institutional investors and hedge funds own 98.02% of the company’s stock.

Shares of BTU traded down $0.08 during midday trading on Friday, reaching $3.12. 1,090,192 shares of the stock were exchanged, compared to its average volume of 1,236,170. Peabody Energy Co. has a 12-month low of $2.51 and a 12-month high of $22.78. The firm has a 50 day simple moving average of $3.06 and a 200-day simple moving average of $4.39. The company has a quick ratio of 1.43, a current ratio of 1.76 and a debt-to-equity ratio of 0.53. The company has a market cap of $304.82 million, a price-to-earnings ratio of -0.65 and a beta of 1.51.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Wednesday, April 29th. The coal producer reported ($1.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.01) by ($0.32). Peabody Energy had a negative return on equity of 6.69% and a negative net margin of 11.03%. The firm had revenue of $846.20 million for the quarter, compared to analysts’ expectations of $856.98 million. During the same period last year, the business earned $1.15 earnings per share. The firm’s revenue for the quarter was down 32.3% on a year-over-year basis. Research analysts expect that Peabody Energy Co. will post -3.85 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on BTU shares. Clarkson Capital lowered Peabody Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Zacks Investment Research raised Peabody Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 10th. ValuEngine raised Peabody Energy from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 8th. Finally, B. Riley reduced their price objective on Peabody Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Eight analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.38.

Peabody Energy Company Profile

Peabody Energy Corp. engages in the business of coal mining. It operates through the following segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Seaborne Metallurgical Mining, Seaborne Thermal Mining, and Corporate and Other. The Powder River Basin Mining segment consists of its mines in Wyoming.

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

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