Public Sector Pension Investment Board Increases Position in Atlas Energy Solutions Inc. $AESI

Public Sector Pension Investment Board boosted its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 50.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 227,777 shares of the company's stock after buying an additional 76,706 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.19% of Atlas Energy Solutions worth $4,064,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Atlas Energy Solutions in the 1st quarter valued at approximately $912,000. Alpine Woods Capital Investors LLC lifted its stake in shares of Atlas Energy Solutions by 1,360.8% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 228,082 shares of the company's stock worth $4,069,000 after purchasing an additional 212,469 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Atlas Energy Solutions by 65.5% during the 1st quarter. DAVENPORT & Co LLC now owns 75,800 shares of the company's stock worth $1,352,000 after purchasing an additional 30,000 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Atlas Energy Solutions by 9.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 381,094 shares of the company's stock worth $6,799,000 after purchasing an additional 33,404 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of Atlas Energy Solutions by 13.1% during the 1st quarter. Amalgamated Bank now owns 20,592 shares of the company's stock worth $367,000 after purchasing an additional 2,383 shares during the period. Hedge funds and other institutional investors own 34.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AESI. Stifel Nicolaus reduced their price target 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 reduced their price target on 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 target 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. Finally, Citigroup reduced their price target on 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 investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Atlas Energy Solutions has a consensus rating of "Hold" and a consensus target price of $18.83.

Atlas Energy Solutions Stock Up 0.7%

Shares of NYSE AESI traded up $0.0750 during midday trading on Thursday, reaching $11.3350. 632,378 shares of the company's stock were exchanged, compared to its average volume of 1,720,192. 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 $1.40 billion, a PE ratio of 80.83 and a beta of 1.19. 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 business's fifty day moving average price is $13.31 and its two-hundred day moving average price is $15.16.

Atlas Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Thursday, August 14th. Atlas Energy Solutions's payout ratio is presently 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.