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

Progeny 3 Inc. raised its holdings in Peabody Energy Co. (NYSE:BTU) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,523,734 shares of the coal producer’s stock after purchasing an additional 4,800 shares during the period. Peabody Energy accounts for approximately 7.5% of Progeny 3 Inc.’s portfolio, making the stock its 2nd largest holding. Progeny 3 Inc.’s holdings in Peabody Energy were worth $77,945,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mackenzie Financial Corp grew its holdings in shares of Peabody Energy by 7.6% during the second quarter. Mackenzie Financial Corp now owns 10,023 shares of the coal producer’s stock worth $222,000 after buying an additional 709 shares in the last quarter. Covestor Ltd grew its stake in Peabody Energy by 8.2% in the 1st quarter. Covestor Ltd now owns 10,523 shares of the coal producer’s stock worth $255,000 after acquiring an additional 798 shares during the period. Blue Trust Inc. raised its holdings in Peabody Energy by 11,390.0% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the coal producer’s stock valued at $28,000 after acquiring an additional 1,139 shares during the last quarter. Privium Fund Management B.V. lifted its stake in shares of Peabody Energy by 16.1% during the 1st quarter. Privium Fund Management B.V. now owns 10,740 shares of the coal producer’s stock worth $261,000 after purchasing an additional 1,488 shares during the period. Finally, Natixis boosted its holdings in shares of Peabody Energy by 8,355.0% during the first quarter. Natixis now owns 1,691 shares of the coal producer’s stock worth $41,000 after purchasing an additional 1,671 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Trading Up 0.8 %

Shares of BTU opened at $26.00 on Monday. Peabody Energy Co. has a 12 month low of $20.21 and a 12 month high of $27.24. The stock’s 50-day moving average is $22.58 and its two-hundred 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. The stock has a market cap of $3.31 billion, a PE ratio of 7.24 and a beta of 0.95.

Peabody Energy (NYSE:BTU) last released its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, topping the consensus estimate of $0.53 by $0.90. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Peabody Energy had a return on equity of 15.35% and a net margin of 12.69%. Equities analysts forecast that Peabody Energy Co. will post 3.11 earnings per share for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, August 15th. Peabody Energy’s payout ratio is 8.36%.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research 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.