HighTower Advisors LLC Boosts Holdings in CONSOL Energy Inc. (NYSE:CEIX)

HighTower Advisors LLC increased its stake in shares of CONSOL Energy Inc. (NYSE:CEIX) by 98.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,425 shares of the company’s stock after purchasing an additional 3,684 shares during the quarter. HighTower Advisors LLC’s holdings in CONSOL Energy were worth $778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CEIX. Blue Trust Inc. lifted its stake in CONSOL Energy by 2,931.3% in the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock valued at $49,000 after buying an additional 469 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of CONSOL Energy in the 3rd quarter valued at $51,000. CWM LLC raised its position in CONSOL Energy by 70.7% in the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 220 shares during the last quarter. Quest Partners LLC acquired a new stake in CONSOL Energy during the 3rd quarter worth $104,000. Finally, KBC Group NV boosted its stake in CONSOL Energy by 33.2% during the 3rd quarter. KBC Group NV now owns 1,019 shares of the company’s stock worth $107,000 after purchasing an additional 254 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

CONSOL Energy Price Performance

CONSOL Energy stock opened at $109.89 on Thursday. The business has a 50 day simple moving average of $118.52 and a 200-day simple moving average of $105.37. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $134.59. 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 stock has a market capitalization of $3.23 billion, a PE ratio of 8.07 and a beta of 1.76.

CONSOL Energy (NYSE:CEIX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping 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%. CONSOL Energy’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.11 EPS. Equities analysts predict that CONSOL Energy Inc. will post 11.57 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The company also recently disclosed 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 yield of 0.91%. CONSOL Energy’s payout ratio is currently 7.34%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CEIX. B. Riley upped their target price 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 price target on CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 18th.

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.