Peabody Energy Co. (NYSE:BTU) is Progeny 3 Inc.’s 2nd Largest Position

Progeny 3 Inc. decreased its holdings in Peabody Energy Co. (NYSE:BTU) by 12.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,082,461 shares of the coal producer’s stock after selling 436,473 shares during the period. Peabody Energy makes up about 6.8% of Progeny 3 Inc.’s investment portfolio, making the stock its 2nd largest position. Progeny 3 Inc. owned 2.42% of Peabody Energy worth $68,184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GSA Capital Partners LLP boosted its position in shares of Peabody Energy by 32.3% in the fourth quarter. GSA Capital Partners LLP now owns 134,193 shares of the coal producer’s stock worth $3,264,000 after buying an additional 32,775 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 worth $4,043,000 after acquiring an additional 141,118 shares during the period. SG Americas Securities LLC grew its position in Peabody Energy by 227.0% in the first quarter. SG Americas Securities LLC now owns 33,699 shares of the coal producer’s stock valued at $818,000 after acquiring an additional 23,393 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Peabody Energy by 21.5% during the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock valued at $338,611,000 after purchasing an additional 2,473,286 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of Peabody Energy during the fourth quarter valued at approximately $5,208,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Trading Down 1.7 %

Shares of BTU opened at $23.50 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.92 and a current ratio of 2.49. Peabody Energy Co. has a one year low of $20.21 and a one year high of $27.24. The stock has a 50-day moving average price of $22.43 and a 200 day moving average price of $23.04. The company has a market capitalization of $2.99 billion, a P/E ratio of 6.55 and a beta of 0.95.

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

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, August 15th. Peabody Energy’s payout ratio is currently 8.36%.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 17th.

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.