Price T Rowe Associates Inc. MD Increases Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Price T Rowe Associates Inc. MD increased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 25.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,390,269 shares of the company's stock after purchasing an additional 689,846 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.08% of Atlas Energy Solutions worth $75,197,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Prudential Financial Inc. purchased a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at approximately $1,366,000. Louisiana State Employees Retirement System acquired a new position in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $650,000. Hodges Capital Management Inc. raised its stake in shares of Atlas Energy Solutions by 44.7% during the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock worth $4,302,000 after buying an additional 59,940 shares in the last quarter. Vanguard Group Inc. grew its position in Atlas Energy Solutions by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after buying an additional 773,035 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Atlas Energy Solutions by 15.5% in the 4th quarter. Sei Investments Co. now owns 213,857 shares of the company's stock worth $4,744,000 after acquiring an additional 28,639 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AESI. Stephens raised their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th. The Goldman Sachs Group cut their price objective on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Raymond James downgraded Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Benchmark decreased their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Piper Sandler began coverage on Atlas Energy Solutions in a research note on Wednesday, March 12th. They set an "overweight" rating and a $22.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.44.

Insiders Place Their Bets

In related news, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the transaction, the insider now owns 897,604 shares in the company, valued at approximately $20,196,090. This represents a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the transaction, the insider now directly owns 7,651,210 shares of the company's stock, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 15.98% of the company's stock.

Atlas Energy Solutions Stock Up 3.0 %

Shares of AESI traded up $0.43 during midday trading on Friday, hitting $14.48. The company had a trading volume of 792,336 shares, compared to its average volume of 1,265,830. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 18.33 and a beta of 1.20. Atlas Energy Solutions Inc. has a 52 week low of $12.41 and a 52 week high of $26.86. The company's 50 day moving average price is $16.21 and its 200 day moving average price is $20.02. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $271.34 million for the quarter, compared to the consensus estimate of $272.94 million. On average, equities research analysts predict that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.25 dividend. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions's dividend payout ratio (DPR) is 178.57%.

Atlas Energy Solutions 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.