Victory Capital Management Inc. Has $3.54 Million Stock Holdings in Peabody Energy Co. (NYSE:BTU)

Victory Capital Management Inc. lifted its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 141.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,894 shares of the coal producer’s stock after buying an additional 93,667 shares during the period. Victory Capital Management Inc. owned about 0.13% of Peabody Energy worth $3,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP raised its holdings in shares of Peabody Energy by 32.3% in the 4th quarter. GSA Capital Partners LLP now owns 134,193 shares of the coal producer’s stock valued at $3,264,000 after purchasing an additional 32,775 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Peabody Energy by 552.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 166,651 shares of the coal producer’s stock valued at $4,043,000 after purchasing an additional 141,118 shares during the period. SG Americas Securities LLC raised its holdings in shares of Peabody Energy by 227.0% in the 1st quarter. SG Americas Securities LLC now owns 33,699 shares of the coal producer’s stock valued at $818,000 after purchasing an additional 23,393 shares during the period. Vanguard Group Inc. raised its holdings in Peabody Energy by 21.5% in the 1st quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock valued at $338,611,000 after acquiring an additional 2,473,286 shares during the period. Finally, Nomura Holdings Inc. bought a new position in Peabody Energy in the 4th quarter valued at about $5,208,000. 87.44% of the stock is owned by institutional investors.

Peabody Energy Stock Performance

Shares of NYSE:BTU opened at $22.41 on Tuesday. The company’s 50 day moving average price is $22.41 and its two-hundred day moving average price is $23.13. Peabody Energy Co. has a 12-month low of $20.21 and a 12-month high of $27.24. The firm has a market cap of $2.85 billion, a PE ratio of 6.24 and a beta of 0.95. 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 (NYSE:BTU) last announced its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1 billion. Equities research analysts predict that Peabody Energy Co. will post 3.11 earnings per share for the current year.

Peabody Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price target 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.