Insider Buying: Peabody Energy Co. (BTU) Major Shareholder Purchases 262,071 Shares of Stock

Peabody Energy Co. (NYSE:BTU) major shareholder Associates L.P. Elliott acquired 262,071 shares of the company’s stock in a transaction on Wednesday, April 19th. The stock was acquired at an average price of $24.30 per share, for a total transaction of $6,368,325.30. Following the completion of the purchase, the insider now owns 1,477,659 shares of the company’s stock, valued at approximately $35,907,113.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Associates L.P. Elliott also recently made the following trade(s):

  • On Monday, May 15th, Associates L.P. Elliott purchased 149,017 shares of Peabody Energy stock. The shares were purchased at an average price of $24.94 per share, for a total transaction of $3,716,483.98.
  • On Wednesday, May 10th, Associates L.P. Elliott bought 140,929 shares of Peabody Energy stock. The shares were bought at an average price of $24.33 per share, for a total transaction of $3,428,802.57.
  • On Friday, May 5th, Associates L.P. Elliott bought 1,336,205 shares of Peabody Energy stock. The shares were bought at an average price of $24.04 per share, for a total transaction of $32,122,368.20.
  • On Tuesday, May 2nd, Associates L.P. Elliott bought 139,905 shares of Peabody Energy stock. The shares were bought at an average price of $25.90 per share, for a total transaction of $3,623,539.50.
  • On Monday, April 24th, Associates L.P. Elliott bought 67,680 shares of Peabody Energy stock. The shares were bought at an average price of $25.46 per share, for a total transaction of $1,723,132.80.
  • On Thursday, April 6th, Associates L.P. Elliott bought 173,760 shares of Peabody Energy stock. The shares were bought at an average price of $27.82 per share, for a total transaction of $4,834,003.20.

Peabody Energy Co. (NYSE:BTU) opened at 23.30 on Friday. The company’s 50 day moving average is $25.53 and its 200 day moving average is $25.53. The stock’s market cap is $2.26 billion. Peabody Energy Co. has a 52 week low of $22.61 and a 52 week high of $32.50.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, May 4th. The coal producer reported $6.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $4.83. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted ($8.85) earnings per share. Peabody Energy’s revenue for the quarter was up 29.1% compared to the same quarter last year. Equities analysts predict that Peabody Energy Co. will post $4.04 earnings per share for the current year.

Insider Buying and Selling by Quarter for Peabody Energy (NYSE:BTU)

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Several analysts have issued reports on BTU shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $29.00 price target on shares of Peabody Energy in a report on Wednesday, April 19th. Clarkson Capital reaffirmed a “buy” rating and issued a $44.00 price target on shares of Peabody Energy in a report on Sunday, April 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $35.00 price target on shares of Peabody Energy in a report on Wednesday, April 26th. FBR & Co started coverage on shares of Peabody Energy in a report on Thursday, March 30th. They issued an “outperform” rating on the stock. Finally, MKM Partners started coverage on shares of Peabody Energy in a report on Thursday, April 27th. They issued a “buy” rating and a $53.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $35.14.

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.

12 Month Chart for NYSE:BTU

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