Qsemble Capital Management LP Takes $318,000 Position in Peabody Energy Co. (NYSE:BTU)

Qsemble Capital Management LP bought a new stake in Peabody Energy Co. (NYSE:BTU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,972 shares of the coal producer’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Peabody Energy by 11,390.0% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after acquiring an additional 1,139 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Peabody Energy in the third quarter valued at approximately $36,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Peabody Energy in the third quarter valued at approximately $43,000. Altshuler Shaham Ltd acquired a new stake in shares of Peabody Energy in the second quarter valued at approximately $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Peabody Energy by 292.6% in the third quarter. GAMMA Investing LLC now owns 2,057 shares of the coal producer’s stock valued at $55,000 after purchasing an additional 1,533 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BTU. B. Riley increased their price target on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Benchmark increased their price target on Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets increased their price target on Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, October 10th.

Insider Transactions at Peabody Energy

In other news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the chief financial officer now owns 65,710 shares in the company, valued at approximately $1,939,759.20. The trade was a 13.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Peabody Energy Trading Up 0.6 %

NYSE:BTU opened at $24.25 on Thursday. The firm has a market cap of $2.95 billion, a PE ratio of 6.42 and a beta of 0.98. The stock has a fifty day moving average price of $26.00 and a 200 day moving average price of $23.86. Peabody Energy Co. has a 12-month low of $20.21 and a 12-month high of $29.94. The company has a current ratio of 2.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. Peabody Energy’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS. Sell-side analysts anticipate that Peabody Energy Co. will post 3.15 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, November 14th. Peabody Energy’s dividend payout ratio (DPR) is currently 7.94%.

Peabody Energy Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.