13,800 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Acquired by Canada Pension Plan Investment Board

Posted by on Feb 28th, 2023

Canada Pension Plan Investment Board bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,800 shares of the energy company’s stock, valued at approximately $1,888,000. Canada Pension Plan Investment Board owned approximately 0.09% of Alpha Metallurgical Resources as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Captrust Financial Advisors raised its stake in shares of Alpha Metallurgical Resources by 344.0% in the first quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock valued at $29,000 after acquiring an additional 172 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Alpha Metallurgical Resources in the 2nd quarter valued at about $32,000. Nisa Investment Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources in the 2nd quarter valued at about $59,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Alpha Metallurgical Resources during the second quarter worth about $76,000. Finally, USA Financial Portformulas Corp purchased a new stake in shares of Alpha Metallurgical Resources during the third quarter worth approximately $84,000. Institutional investors and hedge funds own 81.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cowen decreased their price target on shares of Alpha Metallurgical Resources to $215.00 in a research note on Tuesday, November 15th. Cowen boosted their target price on shares of Alpha Metallurgical Resources from $200.00 to $210.00 in a research note on Monday. Finally, B. Riley raised their price target on Alpha Metallurgical Resources from $193.00 to $202.00 in a research note on Tuesday, January 17th.

Alpha Metallurgical Resources Stock Up 7.0 %

Shares of Alpha Metallurgical Resources stock opened at $167.53 on Tuesday. Alpha Metallurgical Resources, Inc. has a 52 week low of $91.72 and a 52 week high of $186.98. The firm’s 50 day moving average is $157.61 and its two-hundred day moving average is $155.31. The firm has a market capitalization of $2.54 billion, a P/E ratio of 2.14 and a beta of 1.28.

Alpha Metallurgical Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Alpha Metallurgical Resources’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, March 14th. Alpha Metallurgical Resources’s dividend payout ratio (DPR) is 2.14%.

Alpha Metallurgical Resources Profile

(Get Rating)

Alpha Metallurgical Resources, Inc is a mining company. It engages in the provision of met and thermal coal. The firm operates through the following business segments: Met, CAPP-Thermal, and All Other. The Met segment consists of met coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch.

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Institutional Ownership by Quarter for Alpha Metallurgical Resources (NYSE:AMR)

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