Bank of New York Mellon Corp Invests $7.76 Million in Atlas Energy Solutions Inc. $AESI

Key Points

• Bank of New York Mellon purchased 467,494 Atlas Energy Solutions shares worth approximately $7.76 million, giving it a 0.37% stake. Institutional investors collectively own 34.59% of the company.
• Atlas Energy Solutions reported a quarterly loss of $0.20 per share, missing estimates by $0.05, though revenue of $293.18 million exceeded expectations and rose 1.6% year over year.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $17.12, compared with the stock’s recent price of $13.11.

Bank of New York Mellon Corp purchased a new stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 467,494 shares of the company's stock, valued at approximately $7,765,000. Bank of New York Mellon Corp owned approximately 0.37% of Atlas Energy Solutions at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Encompass Capital Advisors LLC bought a new position in shares of Atlas Energy Solutions in the first quarter worth $119,854,000. Vanguard Group Inc. lifted its position in Atlas Energy Solutions by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 8,008,272 shares of the company's stock worth $75,438,000 after purchasing an additional 215,243 shares during the period. Cooke & Bieler LP grew its stake in Atlas Energy Solutions by 0.8% during the fourth quarter. Cooke & Bieler LP now owns 4,186,243 shares of the company's stock worth $39,434,000 after buying an additional 32,689 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Atlas Energy Solutions by 0.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,349,507 shares of the company's stock valued at $31,552,000 after buying an additional 25,167 shares during the period. Finally, State Street Corp increased its holdings in Atlas Energy Solutions by 5.0% in the 4th quarter. State Street Corp now owns 3,242,112 shares of the company's stock valued at $30,541,000 after buying an additional 155,028 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Stock Up 0.6%

Shares of NYSE:AESI opened at $13.11 on Friday. Atlas Energy Solutions Inc. has a 52-week low of $7.64 and a 52-week high of $20.13. The company has a market capitalization of $1.64 billion, a PE ratio of -13.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.58 and a current ratio of 1.82. The company has a fifty day moving average of $13.02 and a 200-day moving average of $14.19.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Atlas Energy Solutions had a negative net margin of 11.08% and a negative return on equity of 9.57%. The firm had revenue of $293.18 million during the quarter, compared to the consensus estimate of $282.24 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. Atlas Energy Solutions's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts predict that Atlas Energy Solutions Inc. will post -0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AESI. The Goldman Sachs Group set a $12.00 price target on shares of Atlas Energy Solutions in a research report on Friday, August 7th. Royal Bank Of Canada cut their target price on Atlas Energy Solutions from $21.00 to $17.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 5th. Stifel Nicolaus reduced their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Citigroup decreased their price target on Atlas Energy Solutions from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Weiss Ratings cut Atlas Energy Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $17.12.

About Atlas Energy Solutions

Atlas Energy Solutions NYSE: AESI is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.

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