Atlas Energy Solutions Inc. $AESI Stock Holdings Reduced by Copeland Capital Management LLC

Key Points

• Copeland Capital Management LLC reduced its holdings in Atlas Energy Solutions Inc. by 10%, now owning 2,882,926 shares valued at approximately $38.5 million.
• Research firms have recently lowered target prices for Atlas Energy Solutions, with Stifel Nicolaus and Piper Sandler both revising their price targets to $14.00.
• Atlas Energy Solutions announced a quarterly dividend of $0.25 per share, representing an annual yield of 8.9% and a significant payout ratio of 714.29%.

Copeland Capital Management LLC cut its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,882,926 shares of the company's stock after selling 320,666 shares during the period. Copeland Capital Management LLC owned 2.33% of Atlas Energy Solutions worth $38,545,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AESI. Wealth Enhancement Advisory Services LLC acquired a new position in Atlas Energy Solutions in the first quarter worth approximately $912,000. Alpine Woods Capital Investors LLC grew its position in Atlas Energy Solutions by 1,360.8% in the first quarter. Alpine Woods Capital Investors LLC now owns 228,082 shares of the company's stock worth $4,069,000 after acquiring an additional 212,469 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of Atlas Energy Solutions by 65.5% during the 1st quarter. DAVENPORT & Co LLC now owns 75,800 shares of the company's stock worth $1,352,000 after purchasing an additional 30,000 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Atlas Energy Solutions by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 381,094 shares of the company's stock valued at $6,799,000 after purchasing an additional 33,404 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in shares of Atlas Energy Solutions by 13.1% in the 1st quarter. Amalgamated Bank now owns 20,592 shares of the company's stock valued at $367,000 after purchasing an additional 2,383 shares during the last quarter. Institutional investors own 34.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AESI. Stifel Nicolaus lowered 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. Piper Sandler lowered their price objective on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.83.

Atlas Energy Solutions Stock Down 1.0%

Atlas Energy Solutions stock opened at $11.23 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.30. Atlas Energy Solutions Inc. has a fifty-two week low of $10.40 and a fifty-two week high of $26.86. The firm has a fifty day moving average price of $11.67 and a two-hundred day moving average price of $13.31. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 80.25 and a beta of 1.16.

Atlas Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.00 annualized dividend and a yield of 8.9%. Atlas Energy Solutions's dividend payout ratio is presently 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.

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