Glenorchy Capital Ltd Buys 10,105 Shares of Peabody Energy Co. (NYSE:BTU)

Glenorchy Capital Ltd increased its position in Peabody Energy Co. (NYSE:BTU) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,464 shares of the coal producer’s stock after purchasing an additional 10,105 shares during the period. Peabody Energy makes up approximately 0.8% of Glenorchy Capital Ltd’s holdings, making the stock its 18th biggest position. Glenorchy Capital Ltd owned 0.07% of Peabody Energy worth $2,507,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BTU. Vanguard Group Inc. increased its holdings in shares of Peabody Energy by 21.5% in the 1st quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after purchasing an additional 2,473,286 shares in the last quarter. Thomist Capital Management LP increased its holdings in Peabody Energy by 483.0% in the 1st quarter. Thomist Capital Management LP now owns 2,024,769 shares of the coal producer’s stock worth $49,121,000 after buying an additional 1,677,448 shares in the last quarter. Principal Financial Group Inc. raised its position in Peabody Energy by 4,386.6% in the 1st quarter. Principal Financial Group Inc. now owns 646,648 shares of the coal producer’s stock worth $15,688,000 after buying an additional 632,235 shares during the last quarter. Boston Partners lifted its stake in Peabody Energy by 9.2% during the 1st quarter. Boston Partners now owns 7,348,251 shares of the coal producer’s stock valued at $178,118,000 after acquiring an additional 618,395 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Peabody Energy by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 3,165,258 shares of the coal producer’s stock valued at $70,016,000 after acquiring an additional 531,440 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Trading Down 1.5 %

Peabody Energy stock opened at $24.91 on Friday. The business has a 50-day simple moving average of $23.79 and a two-hundred day simple moving average of $23.22. Peabody Energy Co. has a 52-week low of $20.21 and a 52-week high of $27.24. The company has a quick ratio of 1.92, a current ratio of 2.49 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.17 billion, a P/E ratio of 6.94 and a beta of 0.96.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, August 1st. The coal producer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.90. The business 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%. Analysts predict that Peabody Energy Co. will post 2.98 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently announced 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 of this dividend was Thursday, August 15th. This represents a $0.30 annualized dividend and a yield of 1.20%. Peabody Energy’s dividend payout ratio (DPR) is presently 8.36%.

Analyst Ratings Changes

BTU has been the subject of several research reports. B. Riley boosted their price objective on shares of Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. BMO Capital Markets boosted their target price on shares of Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th.

About Peabody Energy

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.