Envestnet Asset Management Inc. Has $7.71 Million Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Envestnet Asset Management Inc. boosted its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 24.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,690 shares of the company's stock after purchasing an additional 68,886 shares during the quarter. Envestnet Asset Management Inc. owned about 0.32% of Atlas Energy Solutions worth $7,712,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AESI. Wells Fargo & Company MN boosted its holdings in Atlas Energy Solutions by 13.6% in the 4th quarter. Wells Fargo & Company MN now owns 103,027 shares of the company's stock worth $2,285,000 after buying an additional 12,364 shares during the last quarter. Bryce Point Capital LLC acquired a new position in shares of Atlas Energy Solutions during the fourth quarter worth $1,574,000. Wellington Management Group LLP raised its stake in shares of Atlas Energy Solutions by 7.7% during the fourth quarter. Wellington Management Group LLP now owns 855,405 shares of the company's stock worth $18,973,000 after purchasing an additional 61,185 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Atlas Energy Solutions during the 4th quarter valued at approximately $314,000. Finally, Blair William & Co. IL grew its holdings in shares of Atlas Energy Solutions by 79.3% in the 4th quarter. Blair William & Co. IL now owns 21,700 shares of the company's stock worth $481,000 after acquiring an additional 9,600 shares during the period. Institutional investors own 34.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on AESI shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, April 2nd. Bank of America reiterated a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Raymond James lowered shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Barclays lowered their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Benchmark lowered their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $22.44.

Insider Buying and Selling at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard purchased 32,155 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $19.04 per share, with a total value of $612,231.20. Following the purchase, the insider now directly owns 7,651,210 shares in the company, valued at $145,679,038.40. This represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the sale, the insider now directly owns 897,604 shares in the company, valued at approximately $20,196,090. This represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.98% of the company's stock.

Atlas Energy Solutions Stock Up 2.7 %

Shares of Atlas Energy Solutions stock traded up $0.37 on Thursday, hitting $14.14. 143,493 shares of the company traded hands, compared to its average volume of 1,245,990. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12-month low of $12.41 and a 12-month high of $26.86. The company has a 50-day moving average price of $17.10 and a 200 day moving average price of $20.31. The company has a market cap of $1.72 billion, a PE ratio of 17.85 and a beta of 1.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $271.34 million for the quarter, compared to the consensus estimate of $272.94 million. Sell-side analysts predict that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.07%. The ex-dividend date was Friday, February 21st. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio is 178.57%.

Atlas Energy Solutions Company Profile

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.