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

Principal Financial Group Inc. lowered its position in CONSOL Energy Inc. (NYSE:CEIX) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,576 shares of the company’s stock after selling 5,023 shares during the period. Principal Financial Group Inc. owned 0.48% of CONSOL Energy worth $14,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC bought a new stake in CONSOL Energy during the 3rd quarter worth about $51,000. Quest Partners LLC acquired a new position in shares of CONSOL Energy during the third quarter worth approximately $104,000. KBC Group NV grew its stake in shares of CONSOL Energy by 33.2% during the third quarter. KBC Group NV now owns 1,019 shares of the company’s stock valued at $107,000 after purchasing an additional 254 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of CONSOL Energy by 36.4% in the third quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $126,000 after purchasing an additional 320 shares in the last quarter. Finally, Avior Wealth Management LLC bought a new position in CONSOL Energy in the 3rd quarter worth approximately $145,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Benchmark increased their price objective on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 18th. B. Riley raised their price target on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 7th.

CONSOL Energy Trading Down 0.6 %

Shares of NYSE CEIX opened at $102.82 on Friday. CONSOL Energy Inc. has a fifty-two week low of $75.43 and a fifty-two week high of $134.59. The firm has a market capitalization of $3.02 billion, a P/E ratio of 7.55 and a beta of 1.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The company’s 50 day simple moving average is $117.95 and its 200 day simple moving average is $105.59.

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

CONSOL Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. CONSOL Energy’s dividend 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.