Principal Financial Group Inc. Has $14.82 Million Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Principal Financial Group Inc. lessened its position in CONSOL Energy Inc. (NYSE:CEIX - Free Report) by 3.4% in the 3rd quarter, according to the company in 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 quarter. Principal Financial Group Inc. owned approximately 0.48% of CONSOL Energy worth $14,816,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in CONSOL Energy by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the company's stock worth $78,609,000 after acquiring an additional 31,310 shares during the period. American Century Companies Inc. boosted its holdings in shares of CONSOL Energy by 6.8% during the second quarter. American Century Companies Inc. now owns 611,291 shares of the company's stock worth $62,370,000 after purchasing an additional 38,669 shares during the period. Charles Schwab Investment Management Inc. grew its position in CONSOL Energy by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the company's stock valued at $40,317,000 after purchasing an additional 990 shares in the last quarter. Samlyn Capital LLC acquired a new position in CONSOL Energy in the 2nd quarter valued at approximately $36,033,000. Finally, Victory Capital Management Inc. lifted its position in CONSOL Energy by 578.7% in the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the company's stock worth $27,746,000 after buying an additional 226,069 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

CONSOL Energy Stock Down 0.6 %

CEIX traded down $0.67 during midday trading on Friday, hitting $102.82. 278,413 shares of the company's stock traded hands, compared to its average volume of 485,713. 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 has a market cap of $3.02 billion, a PE ratio of 7.55 and a beta of 1.76. The stock's fifty day simple moving average is $117.95 and its 200-day simple moving average is $105.65. CONSOL Energy Inc. has a one year low of $75.43 and a one year high of $134.59.

CONSOL Energy (NYSE:CEIX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.05. The business had revenue of $574.90 million during the quarter, compared to analyst estimates of $554.00 million. CONSOL Energy had a net margin of 18.02% and a return on equity of 28.96%. CONSOL Energy's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.11 EPS. As a group, equities analysts anticipate that CONSOL Energy Inc. will post 11.57 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. CONSOL Energy's dividend payout ratio (DPR) is presently 7.34%.

Analysts Set New Price Targets

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

About CONSOL Energy

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.