Denali Advisors LLC Boosts Stake in Peabody Energy Co. (NYSE:BTU)

Denali Advisors LLC raised its holdings in Peabody Energy Co. (NYSE:BTU) by 22.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,447 shares of the coal producer’s stock after acquiring an additional 25,222 shares during the period. Denali Advisors LLC owned approximately 0.11% of Peabody Energy worth $3,062,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. GSA Capital Partners LLP raised its stake 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 valued at $3,264,000 after purchasing an additional 32,775 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 buying an additional 141,118 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Peabody Energy by 227.0% during the 1st quarter. SG Americas Securities LLC now owns 33,699 shares of the coal producer’s stock valued at $818,000 after buying an additional 23,393 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Peabody Energy by 21.5% during the 1st quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock worth $338,611,000 after acquiring an additional 2,473,286 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in Peabody Energy in the fourth quarter worth $5,208,000. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley raised their price target on Peabody Energy from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

Peabody Energy Trading Up 1.5 %

Shares of BTU opened at $22.41 on Tuesday. Peabody Energy Co. has a fifty-two week low of $20.21 and a fifty-two week high of $27.24. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 6.24 and a beta of 0.95. The firm has a 50 day moving average price of $22.41 and a 200-day moving average price of $23.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.92 and a current ratio of 2.49.

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

Peabody Energy Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.34%. Peabody Energy’s dividend payout ratio is currently 8.36%.

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.