Charles Schwab Investment Management Inc. Boosts Holdings in Atlas Energy Solutions Inc. $AESI

Charles Schwab Investment Management Inc. boosted its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 14.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 634,488 shares of the company’s stock after buying an additional 81,573 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.52% of Atlas Energy Solutions worth $11,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AESI. Vanguard Group Inc. boosted its stake in shares of Atlas Energy Solutions by 16.5% during the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock valued at $143,695,000 after purchasing an additional 1,139,352 shares during the period. Copeland Capital Management LLC grew its holdings in shares of Atlas Energy Solutions by 42.5% in the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company’s stock worth $57,152,000 after purchasing an additional 955,818 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in shares of Atlas Energy Solutions in the fourth quarter worth about $17,770,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Atlas Energy Solutions by 25.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company’s stock worth $75,197,000 after purchasing an additional 689,846 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Atlas Energy Solutions by 593.9% in the fourth quarter. Cetera Investment Advisers now owns 639,528 shares of the company’s stock worth $14,185,000 after purchasing an additional 547,359 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AESI. Stifel Nicolaus cut their price target on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Citigroup cut their price target on shares of Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Piper Sandler cut their price target on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Finally, Royal Bank Of Canada cut their price target on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of “Hold” and a consensus target price of $18.83.

Atlas Energy Solutions Stock Performance

AESI stock opened at $11.8350 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.30. The business has a 50-day moving average price of $13.19 and a 200 day moving average price of $14.92. The company has a market capitalization of $1.46 billion, a P/E ratio of 84.54 and a beta of 1.19. Atlas Energy Solutions Inc. has a 1-year low of $10.92 and a 1-year high of $26.86.

Atlas Energy Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions’s payout ratio is presently 714.29%.

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.