Swiss National Bank Buys 18,700 Shares of Atlas Energy Solutions Inc. $AESI

Swiss National Bank boosted its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 24.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,400 shares of the company’s stock after buying an additional 18,700 shares during the period. Swiss National Bank owned approximately 0.08% of Atlas Energy Solutions worth $1,684,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AESI. Vanguard Group Inc. lifted its stake in Atlas Energy Solutions by 16.5% in the first quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock valued at $143,695,000 after buying an additional 1,139,352 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Atlas Energy Solutions by 25.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company’s stock worth $75,197,000 after buying an additional 689,846 shares during the period. Copeland Capital Management LLC increased its stake in shares of Atlas Energy Solutions by 42.5% in the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company’s stock valued at $57,152,000 after acquiring an additional 955,818 shares in the last quarter. Cooke & Bieler LP lifted its position 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 valued at $46,386,000 after acquiring an additional 57,546 shares during the period. Finally, Villere ST Denis J & Co. LLC boosted its stake in Atlas Energy Solutions by 0.4% during the first quarter. Villere ST Denis J & Co. LLC now owns 1,746,627 shares of the company’s stock worth $31,160,000 after acquiring an additional 6,904 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $11.8350 on Monday. The company has a market capitalization of $1.46 billion, a PE ratio of 84.54 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $13.19 and its 200-day moving average price is $14.92. Atlas Energy Solutions Inc. has a twelve month low of $10.92 and a twelve month high of $26.86.

Atlas Energy Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AESI shares. Citigroup dropped their price target on Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada lowered their target price on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Piper Sandler lowered their price objective 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, Stifel Nicolaus dropped their price objective on shares of Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.83.

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.