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

Prudential Financial Inc. purchased a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 reporting period.

Other large investors have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC raised its position in shares of Atlas Energy Solutions by 62.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after buying an additional 523 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Atlas Energy Solutions by 191.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after acquiring an additional 1,276 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at about $55,000. FMR LLC grew its holdings in shares of Atlas Energy Solutions by 101.0% during the third quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Atlas Energy Solutions by 55.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock worth $125,000 after purchasing an additional 2,043 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on AESI shares. Stephens boosted their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Bank of America reissued a “neutral” rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Barclays dropped their price target on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, Piper Sandler initiated coverage on 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 equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.83.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $13.79 on Friday. 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 Inc. has a fifty-two week low of $13.14 and a fifty-two week high of $26.86. The firm has a market cap of $1.68 billion, a PE ratio of 17.46 and a beta of 1.20. The business has a 50 day moving average price of $19.76 and a 200-day moving average price of $21.18.

Atlas Energy Solutions (NYSE:AESI) last announced 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). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm had revenue of $271.34 million for the quarter, compared to analysts’ expectations of $272.94 million. Equities research analysts predict that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given 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 was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 7.25%. Atlas Energy Solutions’s dividend payout ratio is presently 178.57%.

Insiders Place Their Bets

In related news, major shareholder Gregory M. Shepard bought 32,155 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $19.04 per share, with a total value of $612,231.20. Following the transaction, the insider now owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $24.00, for a total transaction of $180,000.00. Following the sale, the insider now directly owns 397,010 shares in the company, valued at $9,528,240. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,000 shares of company stock worth $1,049,750. 24.34% of the stock is currently owned by company insiders.

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.