Atlas Energy Solutions Inc. (NYSE:AESI) Shares Bought by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management grew its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 387,534 shares of the company's stock after purchasing an additional 35,969 shares during the period. Atlas Energy Solutions makes up about 1.3% of B & T Capital Management DBA Alpha Capital Management's portfolio, making the stock its 23rd biggest holding. B & T Capital Management DBA Alpha Capital Management owned about 0.32% of Atlas Energy Solutions worth $6,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Atlas Energy Solutions by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 552,915 shares of the company's stock worth $12,264,000 after buying an additional 34,346 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Atlas Energy Solutions in the fourth quarter valued at approximately $495,000. Raymond James Financial Inc. acquired a new position in shares of Atlas Energy Solutions in the fourth quarter worth $2,203,000. Avantax Advisory Services Inc. grew its stake in shares of Atlas Energy Solutions by 22.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 28,509 shares of the company's stock worth $632,000 after acquiring an additional 5,183 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after acquiring an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company's stock.

Wall Street Analyst Weigh In

AESI has been the subject of a number of analyst reports. Piper Sandler reiterated a "neutral" rating and set a $16.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday. Stifel Nicolaus initiated coverage on shares of Atlas Energy Solutions in a research note on Wednesday, May 21st. They set a "buy" rating and a $15.00 target price for the company. The Goldman Sachs Group lowered their target price on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Royal Bank Of Canada decreased their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Citigroup decreased their price objective on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of "Hold" and a consensus price target of $19.17.

Insiders Place Their Bets

In other news, Director Douglas G. Rogers acquired 7,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of $13.27 per share, with a total value of $92,890.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at approximately $132,700. This represents a 233.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Ben M. Brigham acquired 9,635 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was purchased at an average cost of $13.38 per share, with a total value of $128,916.30. Following the completion of the transaction, the chairman owned 572,397 shares in the company, valued at $7,658,671.86. The trade was a 1.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is currently owned by corporate insiders.

Atlas Energy Solutions Price Performance

Shares of AESI stock traded down $0.59 during midday trading on Tuesday, reaching $13.40. 1,500,278 shares of the company traded hands, compared to its average volume of 1,396,442. The firm's 50 day simple moving average is $13.43 and its two-hundred day simple moving average is $17.11. Atlas Energy Solutions Inc. has a 1-year low of $11.76 and a 1-year high of $26.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.40. The firm has a market cap of $1.66 billion, a PE ratio of 43.21 and a beta of 1.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). The firm had revenue of $297.59 million during the quarter, compared to analysts' expectations of $291.13 million. Atlas Energy Solutions had a return on equity of 4.99% and a net margin of 2.96%. The firm's revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. On average, equities research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 7.47%. Atlas Energy Solutions's dividend payout ratio is presently 322.58%.

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.