Pekin Hardy Strauss Inc. Sells 16,750 Shares of Peabody Energy Co. (NYSE:BTU)

Pekin Hardy Strauss Inc. cut its position in Peabody Energy Co. (NYSE:BTU) by 57.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,426 shares of the coal producer’s stock after selling 16,750 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Peabody Energy were worth $275,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Peabody Energy by 21.5% during the first quarter. Vanguard Group Inc. now owns 13,957,602 shares of the coal producer’s stock valued at $338,611,000 after acquiring an additional 2,473,286 shares in the last quarter. Boston Partners increased its holdings in shares of Peabody Energy by 9.2% during 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. American Century Companies Inc. increased its holdings in shares of Peabody Energy by 20.2% during 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. Assenagon Asset Management S.A. increased its holdings in shares of Peabody Energy by 1.2% during the second quarter. Assenagon Asset Management S.A. now owns 2,190,141 shares of the coal producer’s stock valued at $48,446,000 after acquiring an additional 26,202 shares in the last quarter. Finally, Thomist Capital Management LP increased its holdings in shares of Peabody Energy by 483.0% during the first quarter. Thomist Capital Management LP now owns 2,024,769 shares of the coal producer’s stock valued at $49,121,000 after acquiring an additional 1,677,448 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Peabody Energy Stock Performance

NYSE:BTU opened at $22.70 on Wednesday. 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 stock has a market capitalization of $2.89 billion, a P/E ratio of 6.32 and a beta of 0.95. The company has a 50 day moving average price of $22.40 and a 200 day moving average price of $23.12. Peabody Energy Co. has a fifty-two week low of $20.21 and a fifty-two week high of $27.24.

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

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a $0.075 dividend. 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 1.32%. Peabody Energy’s payout ratio is 8.36%.

Wall Street Analyst Weigh In

Separately, B. Riley increased their price target on shares of Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday.

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.