CONSOL Energy Inc. (NYSE:CEIX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of CONSOL Energy Inc. (NYSE:CEIX) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,387 shares of the company’s stock after selling 245 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CONSOL Energy were worth $1,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CEIX. Samlyn Capital LLC purchased a new stake in CONSOL Energy in the second quarter valued at $36,033,000. Victory Capital Management Inc. lifted its holdings in shares of CONSOL Energy by 578.7% in the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the company’s stock valued at $27,746,000 after purchasing an additional 226,069 shares during the last quarter. Barlow Wealth Partners Inc. purchased a new stake in shares of CONSOL Energy in the 2nd quarter valued at about $13,645,000. International Assets Investment Management LLC acquired a new stake in shares of CONSOL Energy in the 3rd quarter valued at about $10,032,000. Finally, American Century Companies Inc. grew its stake in CONSOL Energy by 6.8% during the 2nd quarter. American Century Companies Inc. now owns 611,291 shares of the company’s stock worth $62,370,000 after buying an additional 38,669 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

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

CONSOL Energy Stock Down 1.8 %

CEIX opened at $109.89 on Thursday. The business has a 50 day moving average price of $118.52 and a two-hundred day moving average price of $105.37. CONSOL Energy Inc. has a 52 week low of $75.43 and a 52 week high of $134.59. The company has a market cap of $3.23 billion, a PE ratio of 8.07 and a beta of 1.76. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.05. The firm had revenue of $574.90 million during 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 company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $3.11 earnings per share. As a group, research analysts anticipate 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend 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.