Peabody Energy Corporation (BTU) Position Boosted by American International Group Inc.

American International Group Inc. boosted its position in Peabody Energy Corporation (NYSE:BTU) by 35.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,336 shares of the coal producer’s stock after buying an additional 10,852 shares during the period. American International Group Inc.’s holdings in Peabody Energy were worth $1,199,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in Peabody Energy by 14.1% in the third quarter. American Century Companies Inc. now owns 33,794 shares of the coal producer’s stock valued at $980,000 after buying an additional 4,181 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Peabody Energy in the second quarter valued at $105,000. New York State Teachers Retirement System acquired a new position in Peabody Energy in the third quarter valued at $125,000. Van ECK Associates Corp lifted its holdings in Peabody Energy by 4.9% in the third quarter. Van ECK Associates Corp now owns 115,841 shares of the coal producer’s stock valued at $3,361,000 after buying an additional 5,444 shares during the period. Finally, FNY Partners Fund LP acquired a new position in Peabody Energy in the second quarter valued at $146,000. Institutional investors and hedge funds own 95.17% of the company’s stock.

Shares of Peabody Energy Corporation (BTU) opened at $35.50 on Monday. Peabody Energy Corporation has a 52 week low of $22.58 and a 52 week high of $36.58. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.60.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.14. Peabody Energy had a net margin of 4.60% and a return on equity of 19.92%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted ($7.53) earnings per share. The business’s revenue was up 22.4% compared to the same quarter last year. equities research analysts expect that Peabody Energy Corporation will post 9.62 EPS for the current fiscal year.

Several research firms recently issued reports on BTU. B. Riley restated a “buy” rating on shares of Peabody Energy in a report on Wednesday, November 1st. ValuEngine upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating in a report on Friday, December 1st. FBR & Co set a $35.00 target price on shares of Peabody Energy and gave the company a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research lowered shares of Peabody Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, MKM Partners restated a “buy” rating and issued a $38.00 target price (up previously from $32.00) on shares of Peabody Energy in a report on Thursday, August 24th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.56.

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

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