Nuveen LLC Purchases Shares of 1,510,960 Atlas Energy Solutions Inc. $AESI

Nuveen LLC bought a new position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,510,960 shares of the company's stock, valued at approximately $26,956,000. Nuveen LLC owned about 1.24% of Atlas Energy Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AESI. Quarry LP acquired a new stake in shares of Atlas Energy Solutions in the 4th quarter worth $27,000. Tower Research Capital LLC TRC grew its holdings in shares of Atlas Energy Solutions by 307.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after purchasing an additional 1,047 shares during the period. Fifth Third Bancorp grew its holdings in shares of Atlas Energy Solutions by 1,240.1% during the 1st quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock worth $35,000 after purchasing an additional 1,823 shares during the period. Larson Financial Group LLC grew its holdings in shares of Atlas Energy Solutions by 201.8% during the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company's stock worth $35,000 after purchasing an additional 1,316 shares during the period. Finally, Canton Hathaway LLC purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth $73,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AESI shares. Piper Sandler lowered their price target on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Royal Bank Of Canada lowered their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Stifel Nicolaus lowered their price target on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating for the company in a report on Monday, August 11th. Finally, Citigroup lowered their price target on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.83.

Atlas Energy Solutions Trading Up 6.8%

Atlas Energy Solutions stock traded up $0.7650 during midday trading on Friday, reaching $12.0250. 353,533 shares of the stock traded hands, compared to its average volume of 1,715,938. The company has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $15.08. Atlas Energy Solutions Inc. has a 12-month low of $10.92 and a 12-month high of $26.86. The firm has a market cap of $1.49 billion, a PE ratio of 85.93 and a beta of 1.19. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39.

Atlas Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions's dividend payout ratio (DPR) is 714.29%.

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.