Principal Financial Group Inc. Sells 5,023 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Principal Financial Group Inc. decreased its position in CONSOL Energy Inc. (NYSE:CEIX) by 3.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 141,576 shares of the company’s stock after selling 5,023 shares during the period. Principal Financial Group Inc.’s holdings in CONSOL Energy were worth $14,816,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CEIX. Geode Capital Management LLC boosted its position in CONSOL Energy by 4.4% during the third quarter. Geode Capital Management LLC now owns 751,044 shares of the company’s stock valued at $78,609,000 after purchasing an additional 31,310 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of CONSOL Energy by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock valued at $62,370,000 after buying an additional 38,669 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CONSOL Energy by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the company’s stock valued at $40,317,000 after buying an additional 990 shares in the last quarter. Samlyn Capital LLC acquired a new position in CONSOL Energy during the second quarter worth $36,033,000. Finally, Victory Capital Management Inc. raised its position in CONSOL Energy by 578.7% during the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock worth $27,746,000 after acquiring an additional 226,069 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Benchmark boosted their price objective on shares of CONSOL Energy from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. B. Riley boosted their price target on CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 7th.

CONSOL Energy Trading Down 0.6 %

Shares of CONSOL Energy stock opened at $102.82 on Friday. CONSOL Energy Inc. has a 1 year low of $75.43 and a 1 year high of $134.59. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 7.55 and a beta of 1.76. The business has a fifty day simple moving average of $117.95 and a two-hundred day simple moving average of $105.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.05. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The company had revenue of $574.90 million during the quarter, compared to analysts’ expectations of $554.00 million. During the same quarter last year, the company posted $3.11 EPS. CONSOL Energy’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts forecast that CONSOL Energy Inc. will post 11.57 EPS for the current year.

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, November 15th. CONSOL Energy’s payout ratio is 7.34%.

CONSOL Energy Profile

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.