Quest Partners LLC Lowers Stake in Peabody Energy Co. (NYSE:BTU)

Quest Partners LLC reduced its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 27.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,428 shares of the coal producer’s stock after selling 4,345 shares during the period. Quest Partners LLC’s holdings in Peabody Energy were worth $253,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of Peabody Energy in the 4th quarter worth $213,000. BNP Paribas Financial Markets lifted its stake in shares of Peabody Energy by 1,288.1% in the 4th quarter. BNP Paribas Financial Markets now owns 303,117 shares of the coal producer’s stock worth $7,372,000 after acquiring an additional 281,280 shares during the period. Rovida Advisors Inc. lifted its stake in shares of Peabody Energy by 11.1% in the 4th quarter. Rovida Advisors Inc. now owns 400,000 shares of the coal producer’s stock worth $9,724,000 after acquiring an additional 40,000 shares during the period. TFO Wealth Partners LLC lifted its stake in shares of Peabody Energy by 48,475.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,943 shares of the coal producer’s stock worth $47,000 after acquiring an additional 1,939 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Peabody Energy in the 4th quarter worth $230,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Stock Up 3.5 %

Shares of NYSE BTU opened at $22.07 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09. Peabody Energy Co. has a 52 week low of $20.21 and a 52 week high of $27.24. The firm has a 50-day moving average price of $22.43 and a 200 day moving average price of $23.16. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 6.15 and a beta of 0.95.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, beating the consensus estimate of $0.53 by $0.90. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Equities research analysts anticipate that Peabody Energy Co. will post 3.11 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, August 15th. Peabody Energy’s dividend payout ratio (DPR) is 8.36%.

Wall Street Analyst Weigh In

Separately, B. Riley raised their target price on shares of Peabody Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

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.