61,575 Shares in Atlas Energy Solutions Inc. (NYSE:AESI) Purchased by Prudential Financial Inc.

Prudential Financial Inc. bought a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 61,575 shares of the company's stock, valued at approximately $1,366,000. Prudential Financial Inc. owned 0.06% of Atlas Energy Solutions at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its stake in Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after acquiring an additional 523 shares during the period. Global Retirement Partners LLC increased its stake in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after acquiring an additional 1,276 shares during the period. Promus Capital LLC bought a new position in Atlas Energy Solutions during the 4th quarter worth $55,000. FMR LLC increased its stake in Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company's stock worth $59,000 after acquiring an additional 1,355 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Atlas Energy Solutions by 55.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company's stock worth $125,000 after acquiring an additional 2,043 shares during the period. Institutional investors own 34.59% of the company's stock.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 10,000 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the sale, the insider now owns 907,604 shares of the company's stock, valued at approximately $19,930,983.84. This represents a 1.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly 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 ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 45,000 shares of company stock worth $1,049,750. Insiders own 24.34% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AESI shares. Stephens raised their target price on 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 started coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They issued a "neutral" rating and a $23.00 price objective for the company. Benchmark cut their price target 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. Barclays cut their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Finally, Bank of America reiterated a "neutral" rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.83.

Atlas Energy Solutions Stock Down 7.4 %

Shares of AESI stock traded down $1.09 during trading hours on Thursday, hitting $13.57. 366,368 shares of the company's stock traded hands, compared to its average volume of 1,198,788. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 17.18 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. The stock's fifty day simple moving average is $18.69 and its two-hundred day simple moving average is $20.89. Atlas Energy Solutions Inc. has a 12-month low of $12.41 and a 12-month high of $26.86.

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

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. The ex-dividend date was Friday, February 21st. 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 7.37%. Atlas Energy Solutions's payout ratio is 178.57%.

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.