Charles Schwab Investment Management Inc. Purchases 81,573 Shares of Atlas Energy Solutions Inc. $AESI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Atlas Energy Solutions by 14.8%, owning approximately $11.32 million worth of shares as of the last quarter.
• Wall Street analysts have revised the target price for Atlas Energy Solutions, with the average consensus rating being "Hold" and a target price of $18.83.
• The company recently announced a quarterly dividend of $0.25 per share, which translates to an annualized yield of 8.6%, although it has a high dividend payout ratio of 714.29%.

Charles Schwab Investment Management Inc. grew its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 14.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 634,488 shares of the company's stock after buying an additional 81,573 shares during the period. Charles Schwab Investment Management Inc. owned 0.52% of Atlas Energy Solutions worth $11,319,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Atlas Energy Solutions by 16.5% during 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. Pine Ridge Advisers LLC raised its stake in shares of Atlas Energy Solutions by 20.4% during the 1st quarter. Pine Ridge Advisers LLC now owns 660,480 shares of the company's stock valued at $11,783,000 after purchasing an additional 112,000 shares during the period. Blair William & Co. IL raised its stake in shares of Atlas Energy Solutions by 14.7% during the 1st quarter. Blair William & Co. IL now owns 24,900 shares of the company's stock valued at $444,000 after purchasing an additional 3,200 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Atlas Energy Solutions during the 1st quarter valued at $655,000. Finally, Natixis Advisors LLC bought a new stake in shares of Atlas Energy Solutions during the 1st quarter valued at $303,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Price Performance

AESI stock traded up $0.05 during mid-day trading on Friday, hitting $11.74. 1,157,207 shares of the stock were exchanged, compared to its average volume of 1,514,241. Atlas Energy Solutions Inc. has a 12 month low of $10.92 and a 12 month high of $26.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.30. The business has a fifty day moving average price of $12.91 and a 200 day moving average price of $14.67. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 83.83 and a beta of 1.19.

Atlas Energy Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions's payout ratio is 714.29%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus decreased their price objective on Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Citigroup reduced their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Piper Sandler reduced their target price on Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.83.

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.