Hennion & Walsh Asset Management Inc. Has $2.99 Million Position in CONSOL Energy Inc. (NYSE:CEIX)

Hennion & Walsh Asset Management Inc. trimmed its position in CONSOL Energy Inc. (NYSE:CEIX) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,596 shares of the company’s stock after selling 359 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.10% of CONSOL Energy worth $2,993,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CEIX. Blue Trust Inc. increased its holdings in shares of CONSOL Energy by 2,931.3% during the second quarter. Blue Trust Inc. now owns 485 shares of the company’s stock worth $49,000 after purchasing an additional 469 shares during the period. Sound Income Strategies LLC acquired a new position in CONSOL Energy in the 3rd quarter valued at $51,000. CWM LLC lifted its position in shares of CONSOL Energy by 70.7% during the 2nd quarter. CWM LLC now owns 531 shares of the company’s stock valued at $54,000 after acquiring an additional 220 shares during the period. EntryPoint Capital LLC bought a new stake in shares of CONSOL Energy during the 1st quarter valued at $56,000. Finally, GAMMA Investing LLC increased its position in shares of CONSOL Energy by 54.1% in the second quarter. GAMMA Investing LLC now owns 880 shares of the company’s stock worth $90,000 after purchasing an additional 309 shares during the period. Institutional investors own 86.54% of the company’s stock.

CONSOL Energy Stock Performance

NYSE CEIX opened at $106.51 on Friday. The firm’s 50 day simple moving average is $100.35 and its 200 day simple moving average is $96.30. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 6.46 and a beta of 1.73. 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 Inc. has a 1 year low of $75.43 and a 1 year high of $114.30.

CONSOL Energy (NYSE:CEIX) last issued its quarterly earnings results 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. CONSOL Energy had a return on equity of 30.50% and a net margin of 18.28%. The company had revenue of $501.10 million for the quarter, compared to analyst estimates of $429.90 million. During the same quarter last year, the company posted $4.94 EPS. As a group, research analysts expect that CONSOL Energy Inc. will post 11.53 earnings per share for the current fiscal year.

CONSOL Energy Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.25 per share. This represents a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 30th. CONSOL Energy’s payout ratio is 1.52%.

Wall Street Analyst Weigh In

Separately, B. Riley upped their price objective on shares of CONSOL Energy from $109.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 7th.

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.