Deutsche Bank AG Lowers Position in Atlas Energy Solutions Inc. $AESI

Deutsche Bank AG decreased its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,210 shares of the company’s stock after selling 5,503 shares during the quarter. Deutsche Bank AG’s holdings in Atlas Energy Solutions were worth $1,003,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Atlas Energy Solutions by 16.5% during the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock worth $143,695,000 after buying an additional 1,139,352 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position 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 acquiring an additional 689,846 shares during the period. Copeland Capital Management LLC boosted its stake in shares of Atlas Energy Solutions by 42.5% during the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company’s stock worth $57,152,000 after acquiring an additional 955,818 shares in the last quarter. Cooke & Bieler LP boosted its stake in shares of Atlas Energy Solutions by 2.3% during the 1st quarter. Cooke & Bieler LP now owns 2,600,093 shares of the company’s stock worth $46,386,000 after acquiring an additional 57,546 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC grew its position in shares of Atlas Energy Solutions by 0.4% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 1,746,627 shares of the company’s stock valued at $31,160,000 after acquiring an additional 6,904 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI 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. Atlas Energy Solutions Inc. has a 1 year low of $10.92 and a 1 year high of $26.86. The firm has a market capitalization of $1.46 billion, a PE ratio of 84.54 and a beta of 1.19. The business’s 50 day moving average price is $13.19 and its 200-day moving average price is $14.92.

Atlas Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions’s payout ratio is 714.29%.

Atlas Energy Solutions Company 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.