Invesco Ltd. Acquires 75,071 Shares of Atlas Energy Solutions Inc. $AESI

Key Points

• Invesco Ltd. increased its stake in Atlas Energy Solutions (AESI) by 13.7%, owning 624,900 shares valued at approximately $11.15 million.
• Several institutional investors, including Swiss National Bank and Vanguard Group, have also increased their holdings in AESI, which now has 34.59% of its stock owned by institutions.
• Atlas Energy Solutions announced a quarterly dividend of $0.25 per share, reflecting a dividend yield of 8.4% and a payout ratio of 714.29%.

Invesco Ltd. boosted its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 13.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 624,900 shares of the company's stock after purchasing an additional 75,071 shares during the period. Invesco Ltd. owned about 0.51% of Atlas Energy Solutions worth $11,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Atlas Energy Solutions by 16.5% during the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company's stock valued at $143,695,000 after purchasing an additional 1,139,352 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Atlas Energy Solutions by 25.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock valued at $75,197,000 after purchasing an additional 689,846 shares in the last quarter. Copeland Capital Management LLC lifted its position in Atlas Energy Solutions by 42.5% during the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock valued at $57,152,000 after purchasing an additional 955,818 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of Atlas Energy Solutions by 2.3% in the first quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company's stock valued at $46,386,000 after acquiring an additional 57,546 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC lifted its position in shares of Atlas Energy Solutions by 0.4% in the first quarter. Villere ST Denis J & Co. LLC now owns 1,746,627 shares of the company's stock valued at $31,160,000 after acquiring an additional 6,904 shares in the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on 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. Royal Bank Of Canada lowered their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Citigroup lowered their price objective on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, 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 research report on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.83.

Atlas Energy Solutions Price Performance

NYSE AESI remained flat at $11.69 during trading hours on Friday. The company's stock had a trading volume of 62,024 shares, compared to its average volume of 1,698,519. The stock has a 50 day moving average price of $12.96 and a 200-day moving average price of $14.74. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Atlas Energy Solutions Inc. has a 52 week low of $10.92 and a 52 week high of $26.86. The stock has a market capitalization of $1.45 billion, a PE ratio of 83.51 and a beta of 1.19.

Atlas Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend was Thursday, August 14th. 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.