Sun Sep 15 12:33:16 UTC 2024: ## Peabody Energy Sees Increased Investor Interest: American Century Boosts Holdings

**St. Louis, MO – September 15, 2024** – American Century Companies Inc. has shown its confidence in Peabody Energy Co. (NYSE: BTU), increasing its stake in the coal producer by 20.2% during the second quarter, according to a recent Form 13F filing with the Securities and Exchange Commission. The fund now owns 3,165,258 shares, representing approximately 2.49% of Peabody Energy, valued at $70,016,000.

This move comes amidst a broader trend of institutional investors showing interest in the company. Headlands Technologies LLC established a new position in Peabody Energy during the second quarter, while Texas Permanent School Fund Corp and Arizona State Retirement System increased their holdings by 12.0% and 5.3%, respectively. Victory Capital Management Inc. and Privium Fund Management UK Ltd also significantly boosted their stakes, with increases of 141.4% and 300.0%, respectively.

These developments suggest a positive outlook for Peabody Energy, with institutional investors collectively owning 87.44% of the company’s stock.

Adding to the positive sentiment, B. Riley recently raised its target price for Peabody Energy shares from $31.00 to $32.00, assigning a “buy” rating to the company.

Peabody Energy’s recent financial performance also provides reasons for optimism. The company exceeded analysts’ expectations in its second-quarter earnings report, reporting $1.43 EPS compared to the consensus estimate of $0.53. The company also announced a quarterly dividend of $0.075 per share, representing an annualized dividend of $0.30 and a yield of 1.36%.

With a market capitalization of $2.78 billion, Peabody Energy continues to be a major player in the global coal mining industry. Despite the challenges facing the coal sector, investors appear to be optimistic about the company’s future prospects, particularly given its recent strong performance and growing institutional support.

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