Principal Financial Group Inc. Has $14.82 Million Stake in CONSOL Energy Inc. (NYSE:CEIX)

Principal Financial Group Inc. decreased its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The firm 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 Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CEIX. Samlyn Capital LLC bought a new position in CONSOL Energy in the 2nd quarter valued at about $36,033,000. Barlow Wealth Partners Inc. bought a new position in CONSOL Energy in the 2nd quarter valued at about $13,645,000. Jupiter Asset Management Ltd. bought a new position in CONSOL Energy in the 1st quarter valued at about $10,832,000. Vanguard Group Inc. increased its holdings in CONSOL Energy by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,562,110 shares of the company’s stock valued at $214,602,000 after buying an additional 125,087 shares during the period. Finally, International Assets Investment Management LLC bought a new position in CONSOL Energy in the 3rd quarter valued at about $10,032,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their target price on shares of CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Price Performance

CEIX stock opened at $124.11 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of 9.11 and a beta of 1.73. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $107.43 and its two-hundred day moving average price is $100.03. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $130.47.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.05. The company had revenue of $574.90 million for the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.11 EPS. On average, analysts anticipate that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is presently 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.