New York State Teachers Retirement System Makes New Investment in Atlas Energy Solutions Inc. (NYSE:AESI)

New York State Teachers Retirement System purchased a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,961 shares of the company’s stock, valued at approximately $287,000.

A number of other large investors also recently added to or reduced their stakes in AESI. Copeland Capital Management LLC raised its stake in shares of 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 acquiring an additional 363,742 shares in the last quarter. State Street Corp raised its stake in shares of Atlas Energy Solutions by 15.0% in the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock valued at $38,173,000 after acquiring an additional 227,776 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Atlas Energy Solutions by 3.9% in the third 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 in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Atlas Energy Solutions in the third quarter valued at $17,314,000. Finally, Ashford Capital Management Inc. raised its stake in shares of Atlas Energy Solutions by 27.9% in the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company’s stock valued at $12,775,000 after acquiring an additional 127,910 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $20.64 on Tuesday. The stock’s 50-day moving average is $22.51 and its two-hundred day moving average is $21.69. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 26.12 and a beta of 1.03. Atlas Energy Solutions Inc. has a 1 year low of $17.49 and a 1 year high of $26.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Analysts predict that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 4.85%. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 121.52%.

Insiders Place Their Bets

In related news, major shareholder Stacy Hock sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $21.96, for a total transaction of $219,600.00. Following the transaction, the insider now owns 907,604 shares of the company’s stock, valued at $19,930,983.84. This trade represents a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the transaction, the insider now directly owns 409,510 shares in the company, valued at approximately $9,488,346.70. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,071 shares of company stock valued at $1,773,251. 24.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AESI has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective on the stock. 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. Benchmark increased their price objective on Atlas Energy Solutions from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Barclays increased their target price on Atlas Energy Solutions from $19.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.50.

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.