Peabody Energy Co. (NYSE:BTU) Shares Bought by Marshall Wace LLP

Marshall Wace LLP grew its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 253,913 shares of the coal producer’s stock after acquiring an additional 5,281 shares during the period. Marshall Wace LLP’s holdings in Peabody Energy were worth $5,617,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Peabody Energy by 11,390.0% during 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. Natixis raised its stake in shares of Peabody Energy by 8,355.0% in the 1st quarter. Natixis now owns 1,691 shares of the coal producer’s stock valued at $41,000 after purchasing an additional 1,671 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Peabody Energy during the second quarter worth about $44,000. TFO Wealth Partners LLC grew its stake in Peabody Energy by 48,475.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,943 shares of the coal producer’s stock worth $47,000 after purchasing an additional 1,939 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Peabody Energy in the second quarter valued at about $78,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Peabody Energy Trading Up 2.1 %

Peabody Energy stock opened at $26.54 on Tuesday. Peabody Energy Co. has a 1 year low of $20.21 and a 1 year high of $27.24. 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 quick ratio of 1.92 and a current ratio of 2.49. The company has a market cap of $3.38 billion, a P/E ratio of 7.39 and a beta of 0.95.

Peabody Energy (NYSE:BTU) last issued its earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1 billion. On average, equities analysts expect that Peabody Energy Co. will post 3.11 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a yield of 1.13%. Peabody Energy’s dividend payout ratio is currently 8.36%.

Analyst Ratings Changes

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

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.