B & T Capital Management DBA Alpha Capital Management Raises Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

B & T Capital Management DBA Alpha Capital Management increased its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 348,731 shares of the company’s stock after purchasing an additional 9,380 shares during the quarter. Atlas Energy Solutions accounts for 1.4% of B & T Capital Management DBA Alpha Capital Management’s portfolio, making the stock its 21st largest position. B & T Capital Management DBA Alpha Capital Management owned about 0.35% of Atlas Energy Solutions worth $7,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AESI. Palogic Value Management L.P. purchased a new position in shares of Atlas Energy Solutions during the 4th quarter worth $1,464,000. Vanguard Group Inc. boosted its stake in shares of Atlas Energy Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after acquiring an additional 33,286 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Atlas Energy Solutions by 119.0% during the 1st quarter. Sei Investments Co. now owns 88,106 shares of the company’s stock worth $1,993,000 after acquiring an additional 47,882 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth $592,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth $8,728,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Tudor, Pickering, Holt & Co. began coverage on shares of Atlas Energy Solutions in a research note on Monday, June 24th. They set a “buy” rating on the stock. Royal Bank of Canada lowered their target price on shares of Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Piper Sandler lowered their target price on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Tudor Pickering upgraded shares of Atlas Energy Solutions to a “strong-buy” rating in a research note on Monday, June 24th. Finally, The Goldman Sachs Group lowered their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Buy” and an average price target of $26.25.

Atlas Energy Solutions Price Performance

NYSE AESI traded down $1.92 on Thursday, reaching $19.73. The company had a trading volume of 1,528,782 shares, compared to its average volume of 865,138. The company has a quick ratio of 1.35, a current ratio of 1.53 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.97 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 6.95 and a beta of 0.56. The firm’s 50 day moving average price is $20.86 and its 200 day moving average price is $21.53. 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) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The company had revenue of $287.52 million during the quarter, compared to the consensus estimate of $270.55 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s revenue was up 77.7% on a year-over-year basis. As a group, equities analysts predict that Atlas Energy Solutions Inc. will post 1.48 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.66%. Atlas Energy Solutions’s payout ratio is 51.11%.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Stacy Hock sold 8,571 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $21.49, for a total value of $184,190.79. Following the sale, the insider now directly owns 934,746 shares in the company, valued at $20,087,691.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Gregory M. Shepard purchased 3,248 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were bought at an average cost of $21.68 per share, for a total transaction of $70,416.64. Following the acquisition, the insider now owns 7,503,197 shares of the company’s stock, valued at approximately $162,669,310.96. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $21.49, for a total transaction of $184,190.79. Following the transaction, the insider now owns 934,746 shares in the company, valued at $20,087,691.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,713 shares of company stock worth $524,117 in the last three months. 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.