Charles Schwab Investment Management Inc. Has $12.26 Million Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Charles Schwab Investment Management Inc. grew its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552,915 shares of the company's stock after acquiring an additional 34,346 shares during the period. Charles Schwab Investment Management Inc. owned 0.50% of Atlas Energy Solutions worth $12,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Copeland Capital Management LLC lifted its holdings in Atlas Energy Solutions by 19.3% in the fourth 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 period. State Street Corp grew its position in shares of Atlas Energy Solutions by 15.0% during the 3rd quarter. State Street Corp now owns 1,751,059 shares of the company's stock worth $38,173,000 after buying an additional 227,776 shares during the period. Geode Capital Management LLC raised its position in shares of Atlas Energy Solutions by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company's stock valued at $31,579,000 after acquiring an additional 54,321 shares during the period. Bank of New York Mellon Corp boosted its stake in Atlas Energy Solutions by 75.5% during 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. Finally, Wellington Management Group LLP acquired a new position in Atlas Energy Solutions during the third quarter valued at approximately $17,314,000. Institutional investors and hedge funds own 34.59% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on AESI shares. Barclays lowered their price objective on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada cut their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group assumed coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a "neutral" rating and a $23.00 target price for the company. Bank of America reaffirmed a "neutral" rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Finally, Piper Sandler started coverage on shares of Atlas Energy Solutions in a report on Wednesday, March 12th. They set an "overweight" rating and a $22.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.

Atlas Energy Solutions Stock Up 0.1 %

Shares of NYSE AESI traded up $0.02 during mid-day trading on Tuesday, hitting $18.56. The company had a trading volume of 957,839 shares, compared to its average volume of 1,118,234. Atlas Energy Solutions Inc. has a one year low of $16.98 and a one year high of $26.86. The company has a market capitalization of $2.26 billion, a PE ratio of 23.49 and a beta of 1.18. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $21.38.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly 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). The company had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. On average, equities analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.25 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 5.39%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 178.57%.

Insider Activity

In other news, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the completion of the transaction, the insider now directly owns 907,604 shares in the company, valued at approximately $19,930,983.84. The trade was a 1.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Gregory M. Shepard purchased 32,155 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the purchase, the insider now owns 7,651,210 shares in the company, valued at $145,679,038.40. This trade represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 50,000 shares of company stock valued at $1,164,750 in the last quarter. Company insiders own 24.34% of the company's stock.

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.