BlackRock Inc. boosted its position in Peabody Energy Co. (NYSE:BTU) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,304,232 shares of the coal producer’s stock after buying an additional 674,014 shares during the quarter. BlackRock Inc. owned 5.18% of Peabody Energy worth $286,716,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Guggenheim Capital LLC lifted its holdings in Peabody Energy by 23.3% in the 1st quarter. Guggenheim Capital LLC now owns 12,785 shares of the coal producer’s stock worth $466,000 after buying an additional 2,412 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of Peabody Energy in the 1st quarter worth about $1,367,000. State Board of Administration of Florida Retirement System increased its position in shares of Peabody Energy by 197.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 64,687 shares of the coal producer’s stock worth $2,942,000 after purchasing an additional 42,962 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Peabody Energy in the 2nd quarter worth about $3,748,000. Finally, First Quadrant L P CA increased its position in shares of Peabody Energy by 51.3% in the 2nd quarter. First Quadrant L P CA now owns 3,910 shares of the coal producer’s stock worth $178,000 after purchasing an additional 1,325 shares during the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

BTU opened at $42.35 on Tuesday. The stock has a market capitalization of $5.36 billion, a PE ratio of 9.24 and a beta of 0.74. Peabody Energy Co. has a 1-year low of $28.08 and a 1-year high of $47.84. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 0.38.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Tuesday, July 24th. The coal producer reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.12). Peabody Energy had a net margin of 15.71% and a return on equity of 24.59%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned ($0.18) EPS. Peabody Energy’s quarterly revenue was up 4.1% on a year-over-year basis. equities analysts expect that Peabody Energy Co. will post 4.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 2nd were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, August 1st. This is an increase from Peabody Energy’s previous quarterly dividend of $0.12.

In related news, EVP Charles F. Meintjes sold 35,000 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $42.10, for a total transaction of $1,473,500.00. Following the completion of the sale, the executive vice president now owns 170,910 shares of the company’s stock, valued at approximately $7,195,311. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider George John Schuller, Jr. sold 12,312 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $41.13, for a total transaction of $506,392.56. Following the sale, the insider now directly owns 55,627 shares of the company’s stock, valued at approximately $2,287,938.51. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Peabody Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. ValuEngine downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. B. Riley boosted their target price on shares of Peabody Energy from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, MKM Partners reissued a “buy” rating and issued a $53.00 target price on shares of Peabody Energy in a research report on Wednesday, June 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.25.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business. The company operates through six segments: Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, and Trading and Brokerage. It is involved in mining, preparation, and sale of thermal coal primarily to electric utilities; and metallurgical coal that include hard coking coal, semi-hard coking coal, semi-soft coking coal, and low-volatile pulverized coal injection for industrial customers.

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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