1,623,845 Shares in Atlas Energy Solutions Inc. (NYSE:AESI) Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC acquired a new position in Atlas Energy Solutions Inc. (NYSE:AESIFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,623,845 shares of the company’s stock, valued at approximately $27,963,000. Atlas Energy Solutions comprises approximately 2.0% of Venturi Wealth Management LLC’s holdings, making the stock its 9th biggest holding. Venturi Wealth Management LLC owned about 1.62% of Atlas Energy Solutions at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Atlas Energy Solutions by 526.7% during the second quarter. Royal Bank of Canada now owns 2,206 shares of the company’s stock valued at $37,000 after buying an additional 1,854 shares during the period. Tucker Asset Management LLC purchased a new stake in Atlas Energy Solutions in the third quarter worth $49,000. Russell Investments Group Ltd. purchased a new stake in Atlas Energy Solutions in the second quarter worth $53,000. DekaBank Deutsche Girozentrale purchased a new stake in Atlas Energy Solutions in the third quarter worth $81,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Atlas Energy Solutions in the second quarter worth $69,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Atlas Energy Solutions Stock Up 0.6 %

Atlas Energy Solutions stock opened at $22.83 on Thursday. The stock has a market cap of $2.28 billion and a PE ratio of 14.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.21 and a current ratio of 3.44. Atlas Energy Solutions Inc. has a one year low of $15.28 and a one year high of $24.69. The stock has a fifty day moving average of $19.64 and a 200 day moving average of $18.92.

Atlas Energy Solutions (NYSE:AESIGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The firm had revenue of $141.14 million for the quarter, compared to analysts’ expectations of $147.34 million. Atlas Energy Solutions had a net margin of 17.17% and a return on equity of 47.40%. As a group, sell-side analysts predict that Atlas Energy Solutions Inc. will post 2.92 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were given a $0.21 dividend. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, February 21st. This represents a $0.84 dividend on an annualized basis and a yield of 3.68%. Atlas Energy Solutions’s dividend payout ratio is presently 40.76%.

Insiders Place Their Bets

In other Atlas Energy Solutions news, General Counsel Dathan C. Voelter sold 2,270 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $22.41, for a total value of $50,870.70. Following the completion of the sale, the general counsel now owns 386,601 shares in the company, valued at $8,663,728.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, General Counsel Dathan C. Voelter sold 2,270 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $22.41, for a total transaction of $50,870.70. Following the completion of the sale, the general counsel now owns 386,601 shares in the company, valued at $8,663,728.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Gregory Turner sold 3,728 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $22.58, for a total value of $84,178.24. Following the sale, the chief financial officer now owns 1,582,303 shares of the company’s stock, valued at approximately $35,728,401.74. The disclosure for this sale can be found here. Insiders sold a total of 246,860 shares of company stock worth $5,332,121 over the last quarter. 82.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AESI shares. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research note on Thursday, March 14th. They issued a “buy” rating and a $24.00 price target on the stock. Royal Bank of Canada upped their price target on Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Finally, Barclays boosted their target price on Atlas Energy Solutions from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $24.88.

Read Our Latest Stock Analysis on Atlas Energy Solutions

Atlas Energy Solutions Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Atlas Energy Solutions (NYSE:AESI)

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