Canada Pension Plan Investment Board Trims Stock Holdings in Peabody Energy Co. (NYSE:BTU)

Canada Pension Plan Investment Board lowered its holdings in shares of Peabody Energy Co. (NYSE:BTU - Free Report) by 55.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,779 shares of the coal producer's stock after selling 190,100 shares during the period. Canada Pension Plan Investment Board owned 0.12% of Peabody Energy worth $3,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Peabody Energy by 21.5% in the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer's stock valued at $338,611,000 after purchasing an additional 2,473,286 shares during the period. Thomist Capital Management LP raised its position in Peabody Energy by 483.0% during 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 during the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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 acquiring an additional 632,235 shares during the period. Boston Partners boosted its holdings in shares of Peabody Energy by 9.2% in the first 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 in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Peabody Energy by 20.2% in the second 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 in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price objective 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 Price Performance

NYSE:BTU traded up $0.41 during trading hours on Thursday, hitting $25.40. The company's stock had a trading volume of 408,675 shares, compared to its average volume of 3,082,110. Peabody Energy Co. has a 52-week low of $20.21 and a 52-week high of $27.24. 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 business's 50-day moving average is $22.47 and its two-hundred day moving average is $23.03. The company has a market capitalization of $3.20 billion, a PE ratio of 6.96 and a beta of 0.95.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The coal producer reported $1.43 earnings per share (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 the consensus estimate of $1 billion. Peabody Energy had a net margin of 12.69% and a return on equity of 15.35%. As a group, research analysts anticipate that Peabody Energy Co. will post 3.11 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.30 annualized dividend and a yield of 1.18%. Peabody Energy's dividend payout ratio is presently 8.36%.

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.