Stifel Financial Corp Buys 20,139 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Stifel Financial Corp boosted its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,806 shares of the company's stock after acquiring an additional 20,139 shares during the period. Stifel Financial Corp owned 0.13% of Atlas Energy Solutions worth $3,256,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AESI. Vanguard Group Inc. raised its holdings in shares of Atlas Energy Solutions by 12.6% in the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after purchasing an additional 773,035 shares during the period. First Trust Advisors LP raised its stake in shares of Atlas Energy Solutions by 31.5% in the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock valued at $86,697,000 after buying an additional 935,410 shares during the period. Copeland Capital Management LLC lifted its position in shares of Atlas Energy Solutions by 19.3% during the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock valued at $49,856,000 after buying an additional 363,742 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Atlas Energy Solutions by 7.7% during the 4th quarter. Wellington Management Group LLP now owns 855,405 shares of the company's stock worth $18,973,000 after acquiring an additional 61,185 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Atlas Energy Solutions by 75.5% in the 4th quarter. Bank of New York Mellon Corp now owns 835,683 shares of the company's stock worth $18,535,000 after acquiring an additional 359,420 shares during the last quarter. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AESI shares. Bank of America reiterated a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Piper Sandler assumed coverage on shares of Atlas Energy Solutions in a report on Wednesday, March 12th. They set an "overweight" rating and a $22.00 target price on the stock. The Goldman Sachs Group cut their price target on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, Benchmark cut their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.44.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $14.48 on Friday. The stock's 50-day simple moving average is $16.11 and its two-hundred day simple moving average is $19.98. Atlas Energy Solutions Inc. has a twelve month low of $12.41 and a twelve month high of $26.86. The firm has a market capitalization of $1.76 billion, a P/E ratio of 18.33 and a beta of 1.20. 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 announced its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. As a group, equities analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.25 per share. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions's payout ratio is currently 178.57%.

Insider Buying and Selling

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 32,155 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the purchase, the insider now owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. The trade was a 0.42 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Stacy Hock sold 10,000 shares of the company's 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 sale, the insider now directly owns 897,604 shares of the company's stock, valued at $20,196,090. This trade represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. 15.98% of the stock is owned by company insiders.

About Atlas Energy Solutions

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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