Yaupon Capital Management LP Makes New $5.80 Million Investment in Atlas Energy Solutions Inc. $AESI

Key Points

• Yaupon Capital Management LP has acquired 325,000 shares of Atlas Energy Solutions Inc. for approximately $5.8 million, representing a 0.27% ownership stake.
• Vanguard Group Inc. significantly increased its stake by 16.5%, now holding over 8 million shares valued at $143.7 million.
• Atlas Energy Solutions announced a quarterly dividend of $0.25, resulting in an annualized yield of 9.3% and a high dividend payout ratio of 714.29%.

Yaupon Capital Management LP purchased a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 325,000 shares of the company's stock, valued at approximately $5,798,000. Yaupon Capital Management LP owned 0.27% of Atlas Energy Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Zimmer Partners LP acquired a new position in shares of Atlas Energy Solutions during the first quarter valued at $17,840,000. Goldman Sachs Group Inc. increased its holdings in shares of Atlas Energy Solutions by 18.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,409,054 shares of the company's stock valued at $25,138,000 after purchasing an additional 219,834 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Atlas Energy Solutions during the first quarter valued at $55,000. Petrus Trust Company LTA acquired a new position in shares of Atlas Energy Solutions during the first quarter valued at $309,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Atlas Energy Solutions by 14.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,209 shares of the company's stock valued at $789,000 after purchasing an additional 5,579 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AESI shares. Piper Sandler decreased their target price on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Stifel Nicolaus decreased their price target on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $18.83.

Atlas Energy Solutions Trading Down 1.3%

Shares of NYSE:AESI traded down $0.14 during midday trading on Friday, reaching $10.79. The company had a trading volume of 1,244,110 shares, compared to its average volume of 1,472,239. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56. Atlas Energy Solutions Inc. has a 1-year low of $10.40 and a 1-year high of $26.86. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 77.08 and a beta of 1.19. The company has a fifty day simple moving average of $12.35 and a two-hundred day simple moving average of $13.92.

Atlas Energy Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 9.3%. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 714.29%.

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.