Atlas Energy Solutions Inc. (NYSE:AESI) Declares $0.25 Quarterly Dividend

Key Points

• Atlas Energy Solutions Inc. has declared a quarterly dividend of $0.25 per share, with a yield of 7.9%, set to be paid on August 21st to investors of record on August 14th.
• The company reported a net loss of ($0.04) earnings per share last quarter, missing analysts' estimates, while revenue increased 0.4% year-over-year to $288.68 million.
• Atlas Energy Solutions has a payout ratio of 97.1%, indicating that its current dividend is fully covered by earnings but may become unsustainable if earnings decline.

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Investors of record on Thursday, August 14th will be paid a dividend of 0.25 per share on Thursday, August 21st. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Thursday, August 14th.

Atlas Energy Solutions has a payout ratio of 97.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities analysts expect Atlas Energy Solutions to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 66.7%.

Atlas Energy Solutions Stock Down 2.7%

Shares of AESI traded down $0.33 during trading hours on Thursday, hitting $11.80. The company had a trading volume of 580,490 shares, compared to its average volume of 1,736,152. The company's fifty day moving average price is $13.62 and its two-hundred day moving average price is $16.04. The company has a current ratio of 1.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.46 billion, a PE ratio of 84.40 and a beta of 1.19. Atlas Energy Solutions has a one year low of $11.75 and a one year high of $26.86.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). The company had revenue of $297.59 million during the quarter, compared to analyst estimates of $291.13 million. Atlas Energy Solutions had a net margin of 1.20% and a return on equity of 3.11%. Atlas Energy Solutions's revenue for the quarter was up 54.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. As a group, equities analysts forecast that Atlas Energy Solutions will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Atlas Energy Solutions news, Director Douglas G. Rogers purchased 7,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was acquired at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately $132,700. The trade was a 233.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Ben M. Brigham bought 9,635 shares of Atlas Energy Solutions stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average cost of $13.38 per share, with a total value of $128,916.30. Following the completion of the acquisition, the chairman directly owned 572,397 shares of the company's stock, valued at approximately $7,658,671.86. The trade was a 1.71% increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is owned by corporate insiders.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently made changes to their positions in AESI. KLP Kapitalforvaltning AS acquired a new position in Atlas Energy Solutions during the fourth quarter valued at approximately $155,000. Schroder Investment Management Group purchased a new position in shares of Atlas Energy Solutions during the fourth quarter worth about $314,000. Wells Fargo & Company MN boosted its position in Atlas Energy Solutions by 13.6% during the fourth quarter. Wells Fargo & Company MN now owns 103,027 shares of the company's stock valued at $2,285,000 after buying an additional 12,364 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Atlas Energy Solutions by 24.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 347,690 shares of the company's stock worth $7,712,000 after acquiring an additional 68,886 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Atlas Energy Solutions by 43.9% during the 4th quarter. Invesco Ltd. now owns 549,829 shares of the company's stock valued at $12,195,000 after purchasing an additional 167,701 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.