Headlands Technologies LLC Takes $78,000 Position in Peabody Energy Co. (NYSE:BTU)

Headlands Technologies LLC bought a new position in shares of Peabody Energy Co. (NYSE:BTU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,518 shares of the coal producer’s stock, valued at approximately $78,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Peabody Energy by 21.5% during the 1st quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after purchasing an additional 2,473,286 shares during the last quarter. Thomist Capital Management LP lifted its position in shares of Peabody Energy by 483.0% in the first quarter. Thomist Capital Management LP now owns 2,024,769 shares of the coal producer’s stock valued at $49,121,000 after acquiring an additional 1,677,448 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Peabody Energy by 4,386.6% in the first quarter. Principal Financial Group Inc. now owns 646,648 shares of the coal producer’s stock valued at $15,688,000 after acquiring an additional 632,235 shares in the last quarter. Boston Partners boosted its stake in shares of Peabody Energy by 9.2% during the first quarter. Boston Partners now owns 7,348,251 shares of the coal producer’s stock valued at $178,118,000 after acquiring an additional 618,395 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its position in Peabody Energy by 189.8% during the 1st quarter. Rheos Capital Works Inc. now owns 579,500 shares of the coal producer’s stock worth $14,059,000 after purchasing an additional 379,500 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Stock Performance

Peabody Energy stock opened at $22.41 on Tuesday. The stock has a fifty day moving average price of $22.41 and a 200 day moving average price of $23.13. The company has a current ratio of 2.49, a quick ratio of 1.92 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 market capitalization of $2.85 billion, a P/E ratio of 6.24 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 earnings per share for the quarter, topping 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Equities research analysts anticipate that Peabody Energy Co. will post 3.11 earnings per share for the current year.

Peabody Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, August 15th. Peabody Energy’s dividend payout ratio (DPR) is currently 8.36%.

Wall Street Analyst Weigh In

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

Peabody Energy Company 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.