Atlas Energy Solutions Inc. $AESI Stake Lifted by Raymond James Financial Inc.

Raymond James Financial Inc. raised its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 66.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,231 shares of the company's stock after purchasing an additional 65,901 shares during the quarter. Raymond James Financial Inc. owned 0.14% of Atlas Energy Solutions worth $2,948,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in Atlas Energy Solutions by 307.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock valued at $31,000 after purchasing an additional 1,047 shares in the last quarter. Fifth Third Bancorp grew its stake in Atlas Energy Solutions by 1,240.1% during the 1st quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock valued at $35,000 after purchasing an additional 1,823 shares in the last quarter. Larson Financial Group LLC grew its stake in Atlas Energy Solutions by 201.8% during the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company's stock valued at $35,000 after purchasing an additional 1,316 shares in the last quarter. Canton Hathaway LLC acquired a new stake in Atlas Energy Solutions during the 1st quarter valued at approximately $73,000. Finally, Mutual of America Capital Management LLC grew its stake in Atlas Energy Solutions by 13.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 10,460 shares of the company's stock valued at $187,000 after purchasing an additional 1,277 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stifel Nicolaus decreased their target price on 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. Piper Sandler decreased 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 investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $18.83.

Atlas Energy Solutions Stock Performance

NYSE:AESI traded down $0.14 during midday trading on Friday, reaching $10.79. 1,244,110 shares of the company traded hands, compared to its average volume of 1,472,239. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 77.08 and a beta of 1.19. The company has a fifty day moving average price of $12.35 and a 200 day moving average price of $13.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.30. Atlas Energy Solutions Inc. has a twelve month low of $10.40 and a twelve month high of $26.86.

Atlas Energy Solutions Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions's dividend 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.