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

Principal Financial Group Inc. decreased its position in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 3.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 141,576 shares of the company's stock after selling 5,023 shares during the period. Principal Financial Group Inc. owned about 0.48% of CONSOL Energy worth $14,816,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company's stock worth $49,000 after purchasing an additional 469 shares in the last quarter. Sound Income Strategies LLC bought a new stake in CONSOL Energy during the 3rd quarter worth about $51,000. CWM LLC boosted its stake in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company's stock worth $54,000 after buying an additional 220 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of CONSOL Energy in the 1st quarter valued at about $56,000. Finally, GAMMA Investing LLC grew its holdings in shares of CONSOL Energy by 54.1% in the 2nd quarter. GAMMA Investing LLC now owns 880 shares of the company's stock valued at $90,000 after acquiring an additional 309 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

CONSOL Energy Stock Up 0.6 %

Shares of NYSE:CEIX traded up $0.80 during midday trading on Friday, hitting $124.15. The stock had a trading volume of 426,480 shares, compared to its average volume of 491,913. The company has a market cap of $3.65 billion, a P/E ratio of 9.12 and a beta of 1.73. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $130.47. The business's 50-day simple moving average is $107.43 and its 200-day simple moving average is $100.15. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $3.17 by $0.05. The company had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. The company's quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $3.11 EPS. On average, sell-side analysts forecast that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.81%. CONSOL Energy's dividend payout ratio is 7.34%.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price target on CONSOL Energy from $109.00 to $138.00 and gave the company a "buy" rating in a research 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.