Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,591 shares of the company’s stock, valued at approximately $307,000.
A number of other institutional investors have also recently made changes to their positions in AESI. Villere ST Denis J & Co. LLC lifted its stake in Atlas Energy Solutions by 258.0% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,813,539 shares of the company’s stock worth $31,229,000 after acquiring an additional 1,306,900 shares during the period. Vanguard Group Inc. lifted its stake in Atlas Energy Solutions by 3.3% in the third quarter. Vanguard Group Inc. now owns 1,633,896 shares of the company’s stock worth $36,322,000 after acquiring an additional 51,812 shares during the period. Venturi Wealth Management LLC purchased a new stake in Atlas Energy Solutions in the fourth quarter worth $27,963,000. Meridian Wealth Advisors LLC purchased a new stake in Atlas Energy Solutions in the fourth quarter worth $21,795,000. Finally, Goldman Sachs Group Inc. lifted its stake in Atlas Energy Solutions by 127.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock worth $19,564,000 after acquiring an additional 637,249 shares during the period. Hedge funds and other institutional investors own 34.59% of the company’s stock.
Insider Buying and Selling
In other Atlas Energy Solutions news, major shareholder Chad M. Mcever sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $24.55, for a total value of $2,455,000.00. Following the transaction, the insider now directly owns 451,755 shares of the company’s stock, valued at $11,090,585.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Atlas Energy Solutions news, major shareholder Chad M. Mcever sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $24.55, for a total value of $2,455,000.00. Following the transaction, the insider now directly owns 451,755 shares of the company’s stock, valued at $11,090,585.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gregory M. Shepard bought 60,393 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was purchased at an average cost of $19.05 per share, for a total transaction of $1,150,486.65. Following the completion of the transaction, the insider now directly owns 7,383,018 shares of the company’s stock, valued at approximately $140,646,492.90. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 131,278 shares of company stock worth $2,541,468 and sold 214,243 shares worth $5,029,887. 24.34% of the stock is owned by corporate insiders.
Atlas Energy Solutions Price Performance
Shares of NYSE:AESI opened at $20.99 on Friday. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93. The business has a fifty day moving average price of $21.65 and a 200-day moving average price of $20.39. The company has a market capitalization of $2.10 billion, a PE ratio of 11.66, a PEG ratio of 3.05 and a beta of 0.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.24 and a quick ratio of 2.05.
Atlas Energy Solutions (NYSE:AESI – Get Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.12). Atlas Energy Solutions had a return on equity of 29.56% and a net margin of 19.98%. The business had revenue of $192.67 million during the quarter, compared to the consensus estimate of $196.39 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. Atlas Energy Solutions’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts expect that Atlas Energy Solutions Inc. will post 2.02 EPS for the current fiscal year.
Atlas Energy Solutions Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.19%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 35.56%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on AESI shares. The Goldman Sachs Group raised their price target on Atlas Energy Solutions from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Raymond James increased their price objective on Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 16th. Tudor, Pickering, Holt & Co. assumed coverage on Atlas Energy Solutions in a report on Monday, June 24th. They issued a “buy” rating for the company. Benchmark assumed coverage on Atlas Energy Solutions in a report on Thursday, May 23rd. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Tudor Pickering upgraded Atlas Energy Solutions to a “strong-buy” rating in a report on Monday, June 24th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $26.00.
Check Out Our Latest Report on AESI
About Atlas Energy Solutions
Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.
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