Evergreen Capital Management LLC Buys 147 Shares of CONSOL Energy Inc. (NYSE:CEIX)

Evergreen Capital Management LLC raised its stake in CONSOL Energy Inc. (NYSE:CEIX) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,855 shares of the company’s stock after buying an additional 147 shares during the period. Evergreen Capital Management LLC’s holdings in CONSOL Energy were worth $393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in CONSOL Energy in the 1st quarter worth approximately $620,000. Hennessy Advisors Inc. raised its stake in shares of CONSOL Energy by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 236,200 shares of the company’s stock worth $19,784,000 after acquiring an additional 29,200 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of CONSOL Energy in the 1st quarter worth approximately $10,832,000. Allspring Global Investments Holdings LLC boosted its stake in shares of CONSOL Energy by 750.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,031 shares of the company’s stock valued at $2,264,000 after purchasing an additional 23,852 shares in the last quarter. Finally, Lake Street Advisors Group LLC bought a new position in shares of CONSOL Energy during the 1st quarter valued at $750,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

CONSOL Energy Trading Up 3.2 %

Shares of CEIX stock opened at $104.06 on Friday. The business has a 50-day moving average of $95.87 and a 200 day moving average of $93.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.55 and a quick ratio of 1.31. CONSOL Energy Inc. has a 1-year low of $75.43 and a 1-year high of $114.30. The stock has a market capitalization of $3.06 billion, a PE ratio of 6.31 and a beta of 1.72.

CONSOL Energy (NYSE:CEIX) last issued its earnings results on Thursday, August 8th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.68. CONSOL Energy had a net margin of 18.28% and a return on equity of 30.50%. The firm had revenue of $501.10 million for the quarter, compared to analysts’ expectations of $429.90 million. During the same quarter last year, the business earned $4.94 earnings per share. As a group, sell-side analysts anticipate that CONSOL Energy Inc. will post 11.54 earnings per share for the current year.

CONSOL Energy Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.25 dividend. This represents a dividend 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 Analysts Forecast Growth

Separately, B. Riley boosted their price target on shares of CONSOL Energy from $103.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, September 6th.

CONSOL Energy 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.