Charles Schwab Investment Management Inc. Raises Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Charles Schwab Investment Management Inc. boosted its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 518,569 shares of the company's stock after acquiring an additional 25,999 shares during the period. Charles Schwab Investment Management Inc. owned 0.47% of Atlas Energy Solutions worth $11,305,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC bought a new position in Atlas Energy Solutions during the third quarter valued at $323,000. Quest Partners LLC bought a new position in Atlas Energy Solutions during the third quarter valued at $48,000. Principal Financial Group Inc. bought a new position in Atlas Energy Solutions during the third quarter valued at $844,000. Emerald Advisers LLC lifted its position in Atlas Energy Solutions by 28.4% during the third quarter. Emerald Advisers LLC now owns 10,850 shares of the company's stock valued at $237,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new position in Atlas Energy Solutions during the third quarter valued at $322,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AESI shares. Royal Bank of Canada restated an "outperform" rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Barclays lowered shares of Atlas Energy Solutions from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $23.00 to $19.00 in a report on Tuesday, November 12th. Citigroup lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $22.00 in a report on Thursday, November 14th. The Goldman Sachs Group lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $21.00 in a report on Thursday, November 7th. Finally, Pickering Energy Partners lowered shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Atlas Energy Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $24.44.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard bought 1,797 shares of the company's stock in a transaction on Friday, October 18th. The shares were bought at an average price of $19.65 per share, with a total value of $35,311.05. Following the transaction, the insider now owns 7,507,194 shares in the company, valued at approximately $147,516,362.10. This trade represents a 0.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Stacy Hock sold 8,571 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total transaction of $184,190.79. Following the sale, the insider now directly owns 934,746 shares in the company, valued at approximately $20,087,691.54. This represents a 0.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 60,869 shares of company stock valued at $1,187,983 and have sold 128,213 shares valued at $2,816,806. Insiders own 24.34% of the company's stock.

Atlas Energy Solutions Stock Up 2.2 %

NYSE AESI traded up $0.51 during trading on Tuesday, reaching $23.21. 1,196,924 shares of the company's stock traded hands, compared to its average volume of 961,314. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 11.31 and a beta of 0.95. The company's 50 day simple moving average is $21.37 and its two-hundred day simple moving average is $21.02. Atlas Energy Solutions Inc. has a 12-month low of $15.55 and a 12-month high of $24.93.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $304.40 million during the quarter, compared to analysts' expectations of $307.93 million. During the same period in the previous year, the firm earned $0.51 EPS. The firm's quarterly revenue was up 93.1% on a year-over-year basis. As a group, sell-side analysts forecast that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a $0.24 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.14%. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.23. Atlas Energy Solutions's payout ratio is presently 121.52%.

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.