Stifel Financial Corp Has $2.76 Million Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Stifel Financial Corp increased its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 28.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 126,667 shares of the company’s stock after purchasing an additional 28,158 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of Atlas Energy Solutions worth $2,761,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AESI. Charles Schwab Investment Management Inc. lifted its stake in shares of Atlas Energy Solutions by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock worth $11,305,000 after buying an additional 25,999 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Atlas Energy Solutions during the 3rd quarter worth $844,000. KEMPER Corp bought a new stake in Atlas Energy Solutions during the second quarter valued at about $776,000. Copeland Capital Management LLC grew its position in shares of Atlas Energy Solutions by 19.8% in the third quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company’s stock valued at $41,072,000 after purchasing an additional 311,228 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Atlas Energy Solutions by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock worth $53,740,000 after purchasing an additional 30,082 shares during the period. Institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

AESI has been the subject of several recent analyst reports. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Barclays downgraded shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $23.00 to $19.00 in a research note on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on shares of 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $21.43 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $21.44 and a 200 day moving average price of $20.98. The firm has a market capitalization of $2.36 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 11.53 and a beta of 0.96. 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 posted its earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. During the same quarter last year, the business earned $0.51 EPS. Atlas Energy Solutions’s quarterly revenue was up 93.1% compared to the same quarter last year. Research analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio (DPR) is 121.52%.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was 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 of the company’s stock, valued at approximately $20,087,691.54. This represents a 0.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.50, for a total value of $205,000.00. Following the completion of the transaction, the insider now owns 542,010 shares in the company, valued at $11,111,205. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 60,869 shares of company stock valued at $1,187,983 and sold 124,642 shares valued at $2,766,035. 24.34% of the stock is currently owned by 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.