Canada Pension Plan Investment Board Sells 190,100 Shares of Peabody Energy Co. (NYSE:BTU)

Canada Pension Plan Investment Board lowered its holdings in Peabody Energy Co. (NYSE:BTU) by 55.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,779 shares of the coal producer’s stock after selling 190,100 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.12% of Peabody Energy worth $3,335,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BTU. Vanguard Group Inc. raised 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 valued at $338,611,000 after purchasing an additional 2,473,286 shares in the last quarter. Thomist Capital Management LP raised its stake in shares of 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 acquiring an additional 1,677,448 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Peabody Energy by 4,386.6% during 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 in the last quarter. Boston Partners raised its stake in shares of Peabody Energy by 9.2% during the 1st quarter. Boston Partners now owns 7,348,251 shares of the coal producer’s stock worth $178,118,000 after acquiring an additional 618,395 shares in the last quarter. Finally, American Century Companies Inc. raised its stake 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 worth $70,016,000 after acquiring an additional 531,440 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price objective on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

Peabody Energy Stock Up 1.7 %

NYSE:BTU opened at $25.00 on Thursday. The company has a market cap of $3.15 billion, a PE ratio of 6.96 and a beta of 0.95. Peabody Energy Co. has a twelve month low of $20.21 and a twelve month high of $27.24. The company has a current ratio of 2.49, a quick ratio of 1.92 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $22.47 and its two-hundred day moving average is $23.03.

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, topping the consensus estimate of $0.53 by $0.90. The company had revenue of $1.04 billion for 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%. Analysts anticipate that Peabody Energy Co. will post 3.11 EPS for the current year.

Peabody Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, August 15th. Peabody Energy’s dividend payout ratio is presently 8.36%.

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.