Atlas Energy Solutions Inc. $AESI Shares Acquired by Villere ST Denis J & Co. LLC

Key Points

• Villere ST Denis J & Co. LLC increased its stake in Atlas Energy Solutions by 15.0% during Q2, owning approximately 2,008,725 shares valued at $26.86 million.
• Analysts have recently lowered price targets for Atlas Energy Solutions, with Piper Sandler adjusting from $16.00 to $14.00, while Citigroup decreased their target from $12.00 to $11.00.
• The company announced a quarterly dividend of $0.25, representing an annualized yield of 9.5%, but has a notably high payout ratio of 714.29%.

Villere ST Denis J & Co. LLC grew its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,008,725 shares of the company's stock after purchasing an additional 262,098 shares during the quarter. Atlas Energy Solutions makes up 2.6% of Villere ST Denis J & Co. LLC's investment portfolio, making the stock its 18th largest position. Villere ST Denis J & Co. LLC owned approximately 1.62% of Atlas Energy Solutions worth $26,857,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AESI. Encompass Capital Advisors LLC purchased a new position in shares of Atlas Energy Solutions in the 1st quarter valued at $43,614,000. Nuveen LLC purchased a new position in shares of Atlas Energy Solutions in the 1st quarter valued at $26,956,000. Vanguard Group Inc. grew its position in shares of Atlas Energy Solutions by 16.5% in the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company's stock valued at $143,695,000 after buying an additional 1,139,352 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of Atlas Energy Solutions in the 1st quarter valued at $18,844,000. Finally, Zimmer Partners LP purchased a new position in shares of Atlas Energy Solutions in the 1st quarter valued at $17,840,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AESI has been the topic of a number of recent analyst reports. Piper Sandler dropped their target price on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Stifel Nicolaus dropped their target price on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Weiss Ratings reissued a "sell (d+)" rating on shares of Atlas Energy Solutions in a research report on Wednesday. Finally, Citigroup lowered their price objective on shares of Atlas Energy Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Atlas Energy Solutions currently has a consensus rating of "Hold" and a consensus target price of $18.50.

Atlas Energy Solutions Trading Down 4.7%

Shares of Atlas Energy Solutions stock opened at $10.56 on Friday. Atlas Energy Solutions Inc. has a 1 year low of $10.40 and a 1 year high of $26.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56. The company has a market capitalization of $1.31 billion, a P/E ratio of 75.40 and a beta of 1.16. The company's fifty day moving average is $11.42 and its two-hundred day moving average is $13.03.

Atlas Energy Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 9.5%. Atlas Energy Solutions's payout ratio is presently 714.29%.

Atlas Energy Solutions 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.

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