B & T Capital Management DBA Alpha Capital Management Boosts Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

B & T Capital Management DBA Alpha Capital Management raised its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 351,565 shares of the company’s stock after purchasing an additional 2,834 shares during the quarter. Atlas Energy Solutions comprises about 1.4% of B & T Capital Management DBA Alpha Capital Management’s investment portfolio, making the stock its 20th biggest holding. B & T Capital Management DBA Alpha Capital Management’s holdings in Atlas Energy Solutions were worth $7,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of Atlas Energy Solutions by 230.1% during the 2nd quarter. Rhumbline Advisers now owns 84,612 shares of the company’s stock valued at $1,686,000 after buying an additional 58,981 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Atlas Energy Solutions by 54.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock worth $107,000 after purchasing an additional 1,860 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Atlas Energy Solutions by 127.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 249,826 shares of the company’s stock valued at $4,979,000 after purchasing an additional 140,110 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Atlas Energy Solutions during the 2nd quarter valued at $280,000. Finally, Amalgamated Bank lifted its position 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 buying an additional 1,801 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Down 1.7 %

NYSE:AESI opened at $24.20 on Friday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 5.55 and a beta of 1.03. Atlas Energy Solutions Inc. has a 52 week low of $16.15 and a 52 week high of $25.38. 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 of $22.44 and a 200 day moving average of $21.27.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data 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 net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 93.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Atlas Energy Solutions Inc. will post 0.87 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.24 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.97%. Atlas Energy Solutions’s payout ratio is presently 121.52%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AESI shares. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions in a research note on Friday, December 13th. They issued a “neutral” rating and a $23.00 price objective for the company. Barclays lowered Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $23.00 to $19.00 in a research note on Tuesday, November 12th. Bank of America restated a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday, January 13th. Finally, Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

Insider Activity

In other news, major shareholder Gregory M. Shepard acquired 23,300 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $19.55 per share, with a total value of $455,515.00. Following the completion of the acquisition, the insider now owns 7,540,306 shares of the company’s stock, valued at approximately $147,412,982.30. This trade represents a 0.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.39, for a total transaction of $427,800.00. Following the sale, the insider now owns 512,010 shares of the company’s stock, valued at approximately $10,951,893.90. The trade was a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 59,072 shares of company stock worth $1,152,672 and have sold 137,142 shares worth $3,084,721. Corporate insiders own 24.34% of the company’s stock.

About Atlas Energy Solutions

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.