Peabody Energy Co. (NYSE:BTU) Stock Holdings Increased by Progeny 3 Inc.

Progeny 3 Inc. boosted its stake in Peabody Energy Co. (NYSE:BTU) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,620,014 shares of the coal producer’s stock after buying an additional 40,000 shares during the period. Peabody Energy makes up approximately 6.0% of Progeny 3 Inc.’s portfolio, making the stock its 5th biggest position. Progeny 3 Inc.’s holdings in Peabody Energy were worth $75,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BTU. Smartleaf Asset Management LLC increased its stake in Peabody Energy by 167.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer’s stock worth $25,000 after purchasing an additional 744 shares during the period. Quarry LP purchased a new stake in Peabody Energy during the fourth quarter worth about $26,000. Byrne Asset Management LLC increased its stake in Peabody Energy by 63.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer’s stock worth $37,000 after purchasing an additional 680 shares during the period. Altshuler Shaham Ltd increased its stake in Peabody Energy by 45.0% during the fourth quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer’s stock worth $61,000 after purchasing an additional 900 shares during the period. Finally, Natixis purchased a new stake in Peabody Energy during the fourth quarter worth about $67,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Peabody Energy Stock Down 4.7%

BTU stock opened at $14.56 on Thursday. The company’s 50 day moving average price is $13.07 and its 200 day moving average price is $18.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15. Peabody Energy Co. has a fifty-two week low of $9.61 and a fifty-two week high of $29.94. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 5.39 and a beta of 0.49.

Peabody Energy (NYSE:BTU) last released its earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.20. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. The firm had revenue of $937.00 million for the quarter, compared to analyst estimates of $976.57 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Peabody Energy Co. will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 15th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.06%. Peabody Energy’s payout ratio is 11.19%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BTU. B. Riley cut their price target on shares of Peabody Energy from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Benchmark cut their price target on shares of Peabody Energy from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th.

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.