Baird Financial Group Inc. Buys 10,911 Shares of Core Natural Resources, Inc. $CNR

Baird Financial Group Inc. lifted its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 4.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 261,052 shares of the energy company’s stock after acquiring an additional 10,911 shares during the period. Baird Financial Group Inc.’s holdings in Core Natural Resources were worth $20,889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System raised its position in Core Natural Resources by 1.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock valued at $666,000 after purchasing an additional 126 shares in the last quarter. First Horizon Corp boosted its holdings in shares of Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after purchasing an additional 165 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Core Natural Resources by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,827 shares of the energy company’s stock valued at $146,000 after purchasing an additional 178 shares during the last quarter. Abel Hall LLC increased its position in shares of Core Natural Resources by 6.3% during the 1st quarter. Abel Hall LLC now owns 3,222 shares of the energy company’s stock valued at $337,000 after purchasing an additional 191 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after buying an additional 191 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on CNR shares. UBS Group downgraded Core Natural Resources from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $101.00 to $105.00 in a research report on Tuesday, August 18th. Zacks Research upgraded shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Core Natural Resources Stock Down 1.0%

Shares of NYSE:CNR opened at $97.54 on Friday. The stock has a market capitalization of $4.84 billion, a P/E ratio of 49.02 and a beta of 0.17. The stock’s 50-day moving average price is $90.21 and its 200-day moving average price is $90.64. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. Core Natural Resources, Inc. has a 12-month low of $71.89 and a 12-month high of $114.80.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $1.91. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. On average, equities analysts anticipate that Core Natural Resources, Inc. will post 2.96 earnings per share for the current year.

Core Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 31st. Core Natural Resources’s payout ratio is presently 20.10%.

About Core Natural Resources

Core Natural Resources, Inc (NYSE:CNR) is a U.S.-based coal producer formed through the combination of CONSOL Energy Inc and Arch Resources, Inc, completed in 2025. The company supplies coal used in steelmaking and electricity generation.

Core Natural Resources produces metallurgical coal, which is used in the manufacture of steel, and thermal coal, which is used primarily for power generation. Its operations include mining complexes in the Appalachian region and the Powder River Basin, giving the company exposure to multiple U.S.