Northern Trust Corp Acquires 68,275 Shares of Atlas Energy Solutions Inc. $AESI

Key Points

• Northern Trust Corp has increased its holdings in Atlas Energy Solutions Inc. by 7.6% during the first quarter, now owning 966,528 shares valued at approximately $17.24 million.
• Atlas Energy Solutions recently announced a quarterly dividend of $0.25 per share, yielding 8.8%, with a payout ratio of 714.29%.
• Recent analyst actions include price target reductions from firms like Stifel Nicolaus and Piper Sandler, with a consensus rating of "Hold" and an average target price of $18.83.

Northern Trust Corp increased its holdings in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 966,528 shares of the company's stock after acquiring an additional 68,275 shares during the quarter. Northern Trust Corp owned about 0.79% of Atlas Energy Solutions worth $17,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Versor Investments LP purchased a new stake in Atlas Energy Solutions in the first quarter worth about $629,000. Raymond James Financial Inc. boosted its position in shares of Atlas Energy Solutions by 66.3% in the 1st quarter. Raymond James Financial Inc. now owns 165,231 shares of the company's stock worth $2,948,000 after purchasing an additional 65,901 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Atlas Energy Solutions by 144.8% in the 1st quarter. American Century Companies Inc. now owns 677,849 shares of the company's stock worth $12,093,000 after buying an additional 400,984 shares during the last quarter. Seven Grand Managers LLC purchased a new stake in shares of Atlas Energy Solutions in the 1st quarter worth approximately $4,460,000. Finally, Liontrust Investment Partners LLP bought a new position in Atlas Energy Solutions during the 1st quarter valued at approximately $348,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $11.36 on Wednesday. Atlas Energy Solutions Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $26.86. The business has a 50-day simple moving average of $12.82 and a two-hundred day simple moving average of $14.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 81.11 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. Stockholders of record on Thursday, August 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions's payout ratio is presently 714.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AESI. Stifel Nicolaus cut their target price 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. Piper Sandler dropped their price target on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Royal Bank Of Canada reduced 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 dropped their target price on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.

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