Charles Schwab Investment Management Inc. Has $40.32 Million Holdings in CONSOL Energy Inc. (NYSE:CEIX)

Charles Schwab Investment Management Inc. raised its stake in CONSOL Energy Inc. (NYSE:CEIX) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 385,258 shares of the company’s stock after purchasing an additional 990 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CONSOL Energy were worth $40,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Intech Investment Management LLC raised its position in shares of CONSOL Energy by 54.0% during the third quarter. Intech Investment Management LLC now owns 13,055 shares of the company’s stock valued at $1,366,000 after buying an additional 4,575 shares during the last quarter. Moran Wealth Management LLC increased its stake in CONSOL Energy by 1.4% during the third quarter. Moran Wealth Management LLC now owns 31,984 shares of the company’s stock valued at $3,347,000 after acquiring an additional 450 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in CONSOL Energy by 13.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,828 shares of the company’s stock valued at $715,000 after acquiring an additional 804 shares in the last quarter. Avior Wealth Management LLC bought a new stake in shares of CONSOL Energy in the 3rd quarter worth approximately $145,000. Finally, Quest Partners LLC acquired a new stake in shares of CONSOL Energy during the 3rd quarter worth approximately $104,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CEIX has been the subject of a number of recent research reports. B. Riley upped their target price on CONSOL Energy from $109.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Benchmark increased their price objective on shares of CONSOL Energy from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th.

CONSOL Energy Stock Down 2.1 %

Shares of CEIX opened at $127.95 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $115.22 and a two-hundred day moving average price of $103.68. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 9.39 and a beta of 1.73. CONSOL Energy Inc. has a 12 month low of $75.43 and a 12 month high of $134.59.

CONSOL Energy (NYSE:CEIX) last posted its earnings results on Tuesday, November 5th. The company reported $3.22 EPS for the quarter, topping the consensus estimate of $3.17 by $0.05. CONSOL Energy had a return on equity of 28.96% and a net margin of 18.02%. The business had revenue of $574.90 million during the quarter, compared to the consensus estimate of $554.00 million. During the same quarter last year, the company earned $3.11 EPS. CONSOL Energy’s revenue was up .9% on a year-over-year basis. Equities analysts predict that CONSOL Energy Inc. will post 11.57 EPS for the current fiscal 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 0.78%. The ex-dividend date of this dividend was Friday, November 15th. CONSOL Energy’s payout ratio is 7.34%.

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.