Public Sector Pension Investment Board Buys 3,557 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Public Sector Pension Investment Board raised its stake in CONSOL Energy Inc. (NYSE:CEIX) by 6.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 58,175 shares of the company’s stock after buying an additional 3,557 shares during the period. Public Sector Pension Investment Board’s holdings in CONSOL Energy were worth $5,936,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CEIX. Vanguard Group Inc. increased its position in shares of CONSOL Energy by 21.0% in the 4th quarter. Vanguard Group Inc. now owns 2,437,023 shares of the company’s stock valued at $244,994,000 after buying an additional 423,338 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of CONSOL Energy during the fourth quarter worth about $20,810,000. Barlow Wealth Partners Inc. bought a new position in shares of CONSOL Energy during the 2nd quarter valued at about $13,645,000. Jupiter Asset Management Ltd. acquired a new position in shares of CONSOL Energy in the 1st quarter valued at approximately $10,832,000. Finally, Quantedge Capital Pte Ltd bought a new stake in CONSOL Energy during the 4th quarter worth approximately $11,883,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

CONSOL Energy Price Performance

CEIX stock opened at $100.91 on Thursday. The stock has a 50-day moving average price of $95.79 and a two-hundred day moving average price of $92.95. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $114.30. The stock has a market cap of $2.97 billion, a PE ratio of 6.12 and a beta of 1.72. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13.

CONSOL Energy (NYSE:CEIX) last announced its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.68. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The business had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. During the same quarter last year, the firm earned $4.94 EPS. Equities analysts forecast that CONSOL Energy Inc. will post 11.54 EPS for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s payout ratio is 1.52%.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their price target on shares of CONSOL Energy from $103.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, September 6th.

About CONSOL Energy

CONSOL Energy Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.