Peabody Energy Co. (NYSE:BTU) Shares Sold by KGH Ltd

KGH Ltd decreased its position in Peabody Energy Co. (NYSE:BTU) by 34.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,197,000 shares of the coal producer’s stock after selling 623,000 shares during the period. Peabody Energy makes up approximately 1.5% of KGH Ltd’s holdings, making the stock its 17th biggest position. KGH Ltd owned 0.94% of Peabody Energy worth $26,478,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its holdings in 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 purchasing an additional 32,775 shares during the period. Allspring Global Investments Holdings LLC lifted its stake 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 worth $4,043,000 after acquiring an additional 141,118 shares during the period. SG Americas Securities LLC lifted its stake 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 worth $818,000 after acquiring an additional 23,393 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Peabody Energy by 21.5% in the first 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 in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Peabody Energy during the fourth quarter valued at approximately $5,208,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

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

Peabody Energy Stock Performance

Shares of BTU opened at $26.54 on Tuesday. Peabody Energy Co. has a 12-month low of $20.21 and a 12-month high of $27.24. The stock has a market capitalization of $3.38 billion, a P/E ratio of 7.39 and a beta of 0.95. The firm’s 50 day moving average is $22.66 and its 200-day moving average is $23.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.49 and a quick ratio of 1.92.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) 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 firm 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 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 issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Thursday, August 15th. Peabody Energy’s dividend payout ratio is 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.