Charles Schwab Investment Management Inc. Increases Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Charles Schwab Investment Management Inc. lifted its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 552,915 shares of the company’s stock after buying an additional 34,346 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Atlas Energy Solutions were worth $12,264,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC boosted its position in Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock worth $43,000 after purchasing an additional 1,276 shares during the last quarter. Quest Partners LLC purchased a new position in Atlas Energy Solutions in the third quarter worth $48,000. FMR LLC boosted its position in Atlas Energy Solutions by 101.0% in 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

Shares of AESI opened at $17.96 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a one year low of $16.98 and a one year high of $26.86. The firm has a market capitalization of $2.19 billion, a P/E ratio of 22.74 and a beta of 1.18. The business has a fifty day moving average of $21.00 and a 200 day moving average of $21.38.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) 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 company had revenue of $271.34 million for the quarter, compared to the consensus estimate of $272.94 million. As a group, sell-side analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.25 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions’s payout ratio is currently 178.57%.

Analyst Upgrades and Downgrades

AESI has been the topic of several research reports. Royal Bank of Canada lowered their target price on Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Bank of America restated a “neutral” rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Stephens boosted their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Barclays lowered their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Finally, Piper Sandler assumed coverage on Atlas Energy Solutions in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 target price on the stock. 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Insider Buying and Selling

In related news, major shareholder Gregory M. Shepard acquired 32,155 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the sale, the insider now owns 897,604 shares in the company, valued at approximately $20,196,090. This trade represents a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $1,164,750. Corporate 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.