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

Stifel Financial Corp increased its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 28.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,667 shares of the company’s stock after buying an additional 28,158 shares during the quarter. Stifel Financial Corp’s holdings in Atlas Energy Solutions were worth $2,761,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Atlas Energy Solutions by 1.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock worth $979,000 after purchasing an additional 711 shares in the last quarter. Beck Capital Management LLC increased its position in shares of Atlas Energy Solutions by 0.6% during the second quarter. Beck Capital Management LLC now owns 130,588 shares of the company’s stock worth $2,603,000 after acquiring an additional 749 shares in the last quarter. CWM LLC raised its holdings in shares of Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Atlas Energy Solutions by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock valued at $1,767,000 after buying an additional 897 shares during the last quarter. Finally, First Horizon Advisors Inc. raised 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 purchasing an additional 1,308 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Gregory M. Shepard acquired 13,363 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $19.19 per share, for a total transaction of $256,435.97. Following the completion of the acquisition, the insider now directly owns 7,619,055 shares in the company, valued at $146,209,665.45. The trade was a 0.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total value of $184,190.79. Following the completion of the transaction, the insider now owns 934,746 shares in the company, valued at approximately $20,087,691.54. This represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 60,869 shares of company stock valued at $1,187,983 and have sold 124,642 shares valued at $2,766,035. 24.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $21.43 on Thursday. The company has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $20.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. Atlas Energy Solutions Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $24.93. The company has a market capitalization of $2.36 billion, a PE ratio of 27.13, a P/E/G ratio of 11.53 and a beta of 0.96.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business’s revenue was up 93.1% on a year-over-year basis. Research analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a $0.24 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.48%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s payout ratio is currently 121.52%.

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.