Progeny 3 Inc. Has $75.80 Million Holdings in Peabody Energy Co. (NYSE:BTU)

Progeny 3 Inc. boosted its stake in Peabody Energy Co. (NYSE:BTU - Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,620,014 shares of the coal producer's stock after acquiring an additional 40,000 shares during the period. Peabody Energy accounts for about 6.0% of Progeny 3 Inc.'s holdings, making the stock its 5th biggest position. Progeny 3 Inc. owned approximately 2.98% of Peabody Energy worth $75,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BTU. Smartleaf Asset Management LLC raised its holdings in Peabody Energy by 167.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock valued at $25,000 after buying an additional 744 shares during the period. Quarry LP acquired a new position in shares of Peabody Energy during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC increased its holdings in shares of Peabody Energy by 63.3% in the fourth quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock valued at $37,000 after buying an additional 680 shares in the last quarter. Altshuler Shaham Ltd grew its holdings in shares of Peabody Energy by 45.0% during the fourth quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock valued at $61,000 after buying an additional 900 shares in the last quarter. Finally, Natixis bought a new position in shares of Peabody Energy during the 4th quarter valued at $67,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

Peabody Energy Stock Performance

Shares of Peabody Energy stock traded down $0.15 during trading on Tuesday, reaching $13.93. The company's stock had a trading volume of 1,101,523 shares, compared to its average volume of 3,420,138. Peabody Energy Co. has a 52 week low of $9.61 and a 52 week high of $29.94. The firm has a market cap of $1.69 billion, a PE ratio of 5.16 and a beta of 0.49. The business's 50-day moving average price is $13.14 and its 200-day moving average price is $17.68. The company has a quick ratio of 1.68, a current ratio of 2.15 and a debt-to-equity ratio of 0.27.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its earnings results on Tuesday, May 6th. The coal producer reported $0.27 EPS for the quarter, topping the consensus estimate of $0.07 by $0.20. The company had revenue of $937.00 million for the quarter, compared to analysts' expectations of $976.57 million. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts forecast that Peabody Energy Co. will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, May 15th. Peabody Energy's payout ratio is currently 11.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Benchmark decreased their target price on Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. B. Riley decreased their price objective on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Peabody Energy Company 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.