Atlas Energy Solutions Inc. $AESI Stake Boosted by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC significantly increased its stake in Atlas Energy Solutions by 1,215.9% during Q1, owning approximately 0.45% of the company, worth $9.8 million.
• Several hedge funds have also increased their holdings, with 34.59% of the stock now owned by institutional investors.
• Analyst ratings for Atlas Energy Solutions range from "Buy" to "Hold," with an average target price of $18.83, while recent share prices have dipped.

MetLife Investment Management LLC increased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 1,215.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 550,665 shares of the company's stock after purchasing an additional 508,819 shares during the quarter. MetLife Investment Management LLC owned 0.45% of Atlas Energy Solutions worth $9,824,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Atlas Energy Solutions in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew its position in Atlas Energy Solutions by 307.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after acquiring an additional 1,047 shares in the last quarter. Larson Financial Group LLC grew its position in Atlas Energy Solutions by 201.8% in the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company's stock valued at $35,000 after acquiring an additional 1,316 shares in the last quarter. Fifth Third Bancorp grew its position in Atlas Energy Solutions by 1,240.1% in the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock valued at $35,000 after acquiring an additional 1,823 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new stake in Atlas Energy Solutions in the first quarter valued at approximately $73,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Royal Bank Of Canada lowered 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 report on Wednesday, May 7th. Citigroup lowered 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 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 note on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $18.83.

Atlas Energy Solutions Stock Up 0.4%

Shares of Atlas Energy Solutions stock traded up $0.05 on Monday, hitting $11.74. 1,157,207 shares of the company's stock traded hands, compared to its average volume of 1,482,876. The stock has a market cap of $1.45 billion, a P/E ratio of 83.83 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The firm's 50-day moving average is $12.87 and its 200 day moving average is $14.51. Atlas Energy Solutions Inc. has a 52-week low of $10.92 and a 52-week high of $26.86.

Atlas Energy Solutions Dividend Announcement

The company also recently disclosed 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 8.5%. Atlas Energy Solutions's dividend payout ratio (DPR) is 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.