Americana Partners LLC Purchases Shares of 149,989 Atlas Energy Solutions Inc. (NYSE:AESI)

Americana Partners LLC acquired a new stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 149,989 shares of the company's stock, valued at approximately $2,583,000. Americana Partners LLC owned about 0.15% of Atlas Energy Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Schwab Charitable Fund bought a new stake in shares of Atlas Energy Solutions in the fourth quarter worth about $17,922,000. Venturi Wealth Management LLC bought a new stake in shares of Atlas Energy Solutions in the fourth quarter worth about $27,963,000. Tectonic Advisors LLC increased its holdings in shares of Atlas Energy Solutions by 45.5% in the fourth quarter. Tectonic Advisors LLC now owns 47,773 shares of the company's stock worth $823,000 after acquiring an additional 14,936 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of Atlas Energy Solutions by 3.8% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 332,174 shares of the company's stock worth $5,720,000 after acquiring an additional 12,245 shares in the last quarter. Finally, Wealthsource Partners LLC bought a new stake in shares of Atlas Energy Solutions in the fourth quarter worth about $172,000. Institutional investors own 34.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AESI shares. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a report on Thursday, March 14th. They issued a "buy" rating and a $24.00 price target for the company. Royal Bank of Canada increased their price target on Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 28th. Finally, Barclays upped their price objective on Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 5th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $24.86.

Atlas Energy Solutions Stock Up 1.7 %

Shares of AESI stock traded up $0.40 on Friday, hitting $23.40. 780,505 shares of the stock were exchanged, compared to its average volume of 1,047,478. The business has a 50-day moving average of $19.88 and a 200 day moving average of $18.89. Atlas Energy Solutions Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $24.69. The company has a current ratio of 3.44, a quick ratio of 3.21 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.34 billion and a P/E ratio of 14.90.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). Atlas Energy Solutions had a net margin of 17.17% and a return on equity of 47.40%. The company had revenue of $141.14 million for the quarter, compared to analyst estimates of $147.34 million. Equities analysts anticipate that Atlas Energy Solutions Inc. will post 2.92 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, February 21st. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.59%. Atlas Energy Solutions's dividend payout ratio is 40.76%.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 50,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $19.97, for a total transaction of $998,500.00. Following the completion of the transaction, the insider now directly owns 970,738 shares of the company's stock, valued at $19,385,637.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 50,000 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $19.97, for a total value of $998,500.00. Following the sale, the insider now owns 970,738 shares in the company, valued at $19,385,637.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kirk Edwards Ginn sold 1,562 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $21.73, for a total value of $33,942.26. Following the completion of the sale, the insider now owns 479,525 shares in the company, valued at approximately $10,420,078.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,860 shares of company stock valued at $5,332,121. Insiders own 82.40% of the company's stock.

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.