Cetera Investment Advisers Raises Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Cetera Investment Advisers lifted its holdings in Atlas Energy Solutions Inc. (NYSE:AESI) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,654 shares of the company’s stock after acquiring an additional 897 shares during the period. Cetera Investment Advisers owned 0.09% of Atlas Energy Solutions worth $1,767,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in shares of Atlas Energy Solutions by 313.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after acquiring an additional 1,308 shares during the last quarter. Amalgamated Bank lifted its stake in Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Atlas Energy Solutions in the second quarter worth about $74,000. DekaBank Deutsche Girozentrale bought a new stake in Atlas Energy Solutions in the first quarter worth about $78,000. Finally, nVerses Capital LLC bought a new stake in Atlas Energy Solutions in the second quarter worth about $106,000. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $20.40 on Tuesday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 6.47 and a beta of 0.56. The company’s 50 day moving average is $20.94 and its 200 day moving average is $21.48. The company has a quick ratio of 1.35, a current ratio of 1.53 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 52-week low of $15.55 and a 52-week high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.18). The business had revenue of $287.52 million for the quarter, compared to analysts’ expectations of $270.55 million. Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The business’s quarterly revenue was up 77.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. On average, sell-side analysts anticipate that Atlas Energy Solutions Inc. will post 1.48 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.51%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, August 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 51.11%.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $20.22, for a total transaction of $173,305.62. Following the transaction, the insider now directly owns 951,888 shares of the company’s stock, valued at $19,247,175.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Gregory M. Shepard purchased 3,248 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were acquired at an average cost of $21.68 per share, with a total value of $70,416.64. Following the completion of the acquisition, the insider now owns 7,503,197 shares of the company’s stock, valued at $162,669,310.96. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.22, for a total transaction of $173,305.62. Following the completion of the transaction, the insider now directly owns 951,888 shares in the company, valued at $19,247,175.36. This represents 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 valued at $524,117 over the last ninety days. 24.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AESI has been the subject of several analyst reports. Bank of America decreased their price objective on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Stephens reissued an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Tudor Pickering raised shares of Atlas Energy Solutions to a “strong-buy” rating in a research note on Monday, June 24th. Tudor, Pickering, Holt & Co. initiated coverage on shares of Atlas Energy Solutions in a research note on Monday, June 24th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Buy” and an average target price of $26.13.

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.