Charles Schwab Investment Management Inc. Has $40.32 Million Stake in CONSOL Energy Inc. (NYSE:CEIX)

Charles Schwab Investment Management Inc. raised its position in shares of CONSOL Energy Inc. (NYSE:CEIX) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 385,258 shares of the company’s stock after purchasing an additional 990 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.31% of CONSOL Energy worth $40,317,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of CONSOL Energy by 2,931.3% during the 2nd quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after buying an additional 469 shares during the period. Sound Income Strategies LLC acquired a new stake in CONSOL Energy during the third quarter valued at $51,000. CWM LLC grew its stake in CONSOL Energy by 70.7% in the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares in the last quarter. GAMMA Investing LLC grew its stake in CONSOL Energy by 54.1% in the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock valued at $90,000 after purchasing an additional 309 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of CONSOL Energy during the 3rd quarter worth about $104,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

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

CONSOL Energy Price Performance

NYSE CEIX opened at $127.95 on Tuesday. CONSOL Energy Inc. has a fifty-two week low of $75.43 and a fifty-two week high of $134.59. The stock’s 50-day moving average is $115.22 and its two-hundred day moving average is $103.68. The firm has a market cap of $3.76 billion, a P/E ratio of 9.39 and a beta of 1.73. 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 issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.05. The business had revenue of $574.90 million for the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Friday, November 15th. CONSOL Energy’s payout ratio is 7.34%.

CONSOL Energy Company 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.