Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Peabody Energy Co. (NYSE:BTU) by 56,411.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 134,497 shares of the coal producer’s stock after buying an additional 134,259 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Peabody Energy were worth $5,295,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Mangrove Partners raised its holdings in Peabody Energy by 35.3% during the 3rd quarter. Mangrove Partners now owns 957,801 shares of the coal producer’s stock worth $27,786,000 after buying an additional 250,000 shares during the period. Legal & General Group Plc raised its holdings in Peabody Energy by 28.5% during the 3rd quarter. Legal & General Group Plc now owns 16,302 shares of the coal producer’s stock worth $473,000 after buying an additional 3,616 shares during the period. JPMorgan Chase & Co. raised its holdings in Peabody Energy by 113.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 308,237 shares of the coal producer’s stock worth $8,973,000 after buying an additional 164,009 shares during the period. New York State Common Retirement Fund acquired a new stake in Peabody Energy during the 2nd quarter worth approximately $1,284,000. Finally, Northern Trust Corp acquired a new stake in Peabody Energy during the 2nd quarter worth approximately $16,296,000. Hedge funds and other institutional investors own 97.75% of the company’s stock.
Peabody Energy Co. (NYSE BTU) opened at $39.88 on Wednesday. The firm has a market cap of $4,237.48 and a P/E ratio of 3.91. Peabody Energy Co. has a 52 week low of $22.58 and a 52 week 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 firm also recently declared a Not Available dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 19th will be paid a dividend of $0.115 per share. The ex-dividend date is Thursday, February 15th. This represents a dividend yield of 0.00296468161897396%. Peabody Energy’s dividend payout ratio is currently 4.51%.
Several brokerages have commented on BTU. Jefferies Group upgraded 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. B. Riley reaffirmed a “buy” rating on shares of Peabody Energy in a research note on Wednesday, November 1st. ValuEngine cut shares of Peabody Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. FBR & Co reaffirmed a “buy” rating and set a $37.00 price target (up from $36.00) on shares of Peabody Energy in a research note on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Peabody Energy from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.00.
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Peabody Energy Company 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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