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

B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,565 shares of the company’s stock after buying 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 owned about 0.32% of Atlas Energy Solutions worth $7,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Amalgamated Bank grew its holdings in shares of Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after buying an additional 1,801 shares during the last quarter. Quest Partners LLC purchased a new stake in Atlas Energy Solutions during the 3rd quarter valued at $48,000. FMR LLC increased its holdings in shares of Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after purchasing an additional 1,355 shares in the last quarter. CWM LLC raised its stake 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 worth $60,000 after purchasing an additional 886 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Atlas Energy Solutions by 54.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock valued at $107,000 after purchasing an additional 1,860 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AESI. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Bank of America reaffirmed a “neutral” rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Finally, Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 23,300 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $19.55 per share, for a total transaction of $455,515.00. Following the purchase, the insider now directly owns 7,540,306 shares of the company’s stock, valued at $147,412,982.30. This trade represents a 0.31 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $24.00, for a total transaction of $180,000.00. Following the sale, the insider now owns 397,010 shares in the company, valued at approximately $9,528,240. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 59,072 shares of company stock worth $1,152,672 and sold 137,142 shares worth $3,084,721. Company insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Price Performance

Shares of Atlas Energy Solutions stock opened at $24.20 on Friday. The stock’s fifty day moving average is $22.44 and its 200 day moving average is $21.27. Atlas Energy Solutions Inc. has a one year low of $16.15 and a one year high of $25.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The stock has a market cap of $2.67 billion, a P/E ratio of 30.64, a P/E/G ratio of 5.55 and a beta of 1.03.

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

Atlas Energy Solutions Increases Dividend

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

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.