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

Creative Planning lifted its holdings in CONSOL Energy Inc. (NYSE:CEIX) by 31.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,208 shares of the company’s stock after buying an additional 1,242 shares during the period. Creative Planning’s holdings in CONSOL Energy were worth $545,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. CX Institutional bought a new stake in shares of CONSOL Energy in the 3rd quarter worth about $2,768,000. Sound Income Strategies LLC bought a new position in CONSOL Energy during the 3rd quarter valued at about $51,000. CHICAGO TRUST Co NA bought a new position in CONSOL Energy during the 3rd quarter valued at about $221,000. Exchange Traded Concepts LLC grew its holdings in CONSOL Energy by 182.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 15,144 shares of the company’s stock valued at $1,585,000 after purchasing an additional 9,791 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in CONSOL Energy during the 3rd quarter valued at about $928,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped 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.

CONSOL Energy Stock Performance

Shares of NYSE:CEIX opened at $113.64 on Wednesday. The company has a market capitalization of $3.34 billion, a price-to-earnings 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 firm’s 50-day moving average is $102.78 and its 200 day moving average is $97.91. 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 released its quarterly earnings data on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.68. The company had revenue of $501.10 million during 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 period in the previous year, the company earned $4.94 EPS. Research analysts predict that CONSOL Energy Inc. will post 11.5 EPS for the current year.

CONSOL Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.88%. CONSOL Energy’s dividend payout ratio (DPR) is 1.85%.

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.