CONSOL Energy Inc. (NYSE:CEIX) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in CONSOL Energy Inc. (NYSE:CEIX – Get Rating) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,874 shares of the company’s stock after purchasing an additional 5,819 shares during the period. Principal Financial Group Inc.’s holdings in CONSOL Energy were worth $13,967,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of CONSOL Energy in the fourth quarter valued at about $27,000. Quadrant Capital Group LLC raised its position in CONSOL Energy by 445.4% during the third quarter. Quadrant Capital Group LLC now owns 529 shares of the company’s stock worth $34,000 after acquiring an additional 432 shares during the last quarter. IFP Advisors Inc raised its position in CONSOL Energy by 123.3% during the third quarter. IFP Advisors Inc now owns 574 shares of the company’s stock worth $40,000 after acquiring an additional 317 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in CONSOL Energy during the third quarter worth about $42,000. Finally, Belpointe Asset Management LLC acquired a new position in CONSOL Energy during the fourth quarter worth about $113,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and set a $80.00 target price on shares of CONSOL Energy in a research report on Monday, March 27th.

CONSOL Energy Stock Performance

Shares of NYSE CEIX opened at $58.54 on Thursday. The company has a market cap of $2.03 billion, a PE ratio of 2.97 and a beta of 1.85. CONSOL Energy Inc. has a 12 month low of $40.20 and a 12 month high of $79.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.38 and a quick ratio of 1.17. The company has a 50-day simple moving average of $58.87 and a 200-day simple moving average of $61.05.

CONSOL Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 23rd. Investors of record on Monday, May 15th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $4.40 dividend on an annualized basis and a yield of 7.52%. CONSOL Energy’s payout ratio is 22.30%.

Insider Buying and Selling at CONSOL Energy

In other CONSOL Energy news, CAO John Rothka sold 2,000 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $64.34, for a total transaction of $128,680.00. Following the completion of the sale, the chief accounting officer now owns 14,245 shares in the company, valued at $916,523.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.49% of the stock is currently owned by corporate insiders.

About CONSOL Energy

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CONSOL Energy, Inc engages in the production of bituminous coal which focuses on the extraction and preparation of coal in the Appalachian Basin. It operates under the Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The PAMC segment includes mining, preparation, and marketing of bituminous coal sold to power generators, and industrial and metallurgical end-users.