Mackenzie Financial Corp Has $222,000 Stake in Peabody Energy Co. (NYSE:BTU)

Mackenzie Financial Corp boosted its stake in shares of Peabody Energy Co. (NYSE:BTU) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,023 shares of the coal producer’s stock after purchasing an additional 709 shares during the quarter. Mackenzie Financial Corp’s holdings in Peabody Energy were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTU. Nomura Holdings Inc. bought a new position in Peabody Energy during the fourth quarter worth $5,208,000. Symmetry Investments LP bought a new position in Peabody Energy during the fourth quarter worth $1,051,000. GSA Capital Partners LLP boosted its position in Peabody Energy by 32.3% during the fourth quarter. GSA Capital Partners LLP now owns 134,193 shares of the coal producer’s stock worth $3,264,000 after purchasing an additional 32,775 shares during the period. Rheos Capital Works Inc. boosted its position in Peabody Energy by 189.8% during the first 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 during the period. Finally, Range Financial Group LLC bought a new position in Peabody Energy during the first quarter worth $224,000. 87.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Peabody Energy Trading Down 0.2 %

Shares of Peabody Energy stock opened at $26.37 on Tuesday. The firm has a 50-day moving average of $22.98 and a 200-day moving average of $23.09. The stock has a market cap of $3.36 billion, a PE ratio of 7.35 and a beta of 0.96. Peabody Energy Co. has a 52-week low of $20.21 and a 52-week high of $27.24. 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 (NYSE:BTU) last announced its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 12.69% and a return on equity of 15.35%. As a group, sell-side analysts forecast that Peabody Energy Co. will post 3.11 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, August 15th. Peabody Energy’s dividend payout ratio (DPR) is presently 8.36%.

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.