Creative Planning Acquires 1,242 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Creative Planning raised its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 31.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,208 shares of the company’s stock after purchasing an additional 1,242 shares during the period. Creative Planning’s holdings in CONSOL Energy were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CEIX. Mackenzie Financial Corp increased its position in shares of CONSOL Energy by 4.1% during the second quarter. Mackenzie Financial Corp now owns 2,783 shares of the company’s stock valued at $284,000 after acquiring an additional 109 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of CONSOL Energy by 4.0% during the second quarter. Evergreen Capital Management LLC now owns 3,855 shares of the company’s stock valued at $393,000 after acquiring an additional 147 shares in the last quarter. Empirical Finance LLC increased its position in shares of CONSOL Energy by 1.9% during the second quarter. Empirical Finance LLC now owns 11,583 shares of the company’s stock valued at $1,182,000 after acquiring an additional 217 shares in the last quarter. CWM LLC increased its position in shares of CONSOL Energy by 70.7% during the second quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after acquiring an additional 220 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of CONSOL Energy by 8.5% during the second quarter. Hsbc Holdings PLC now owns 3,790 shares of the company’s stock valued at $384,000 after acquiring an additional 296 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Trading Up 5.2 %

Shares of CEIX stock opened at $113.64 on Wednesday. The firm’s 50 day moving average is $102.78 and its 200 day moving average is $97.91. The stock has a market capitalization of $3.34 billion, a P/E ratio of 8.41 and a beta of 1.73. CONSOL Energy Inc. has a 12-month low of $75.43 and a 12-month high of $114.30. 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 issued its quarterly earnings results on Thursday, August 8th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.68. The business had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. During the same quarter last year, the company posted $4.94 EPS. Research analysts expect that CONSOL Energy Inc. will post 11.5 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, November 15th. CONSOL Energy’s dividend payout ratio (DPR) is 1.85%.

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 stock a “buy” rating in a report on Monday, October 7th.

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.