American Century Companies Inc. Purchases 400,984 Shares of Atlas Energy Solutions Inc. $AESI

American Century Companies Inc. increased its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 144.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 677,849 shares of the company’s stock after acquiring an additional 400,984 shares during the quarter. American Century Companies Inc. owned about 0.56% of Atlas Energy Solutions worth $12,093,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AESI. Quarry LP purchased a new position in shares of Atlas Energy Solutions in the fourth quarter worth about $27,000. Tower Research Capital LLC TRC boosted its holdings in Atlas Energy Solutions by 307.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company’s stock worth $31,000 after buying an additional 1,047 shares during the period. Fifth Third Bancorp grew its stake in Atlas Energy Solutions by 1,240.1% in the 1st quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $35,000 after buying an additional 1,823 shares in the last quarter. Larson Financial Group LLC grew its stake in Atlas Energy Solutions by 201.8% in the 1st quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock valued at $35,000 after buying an additional 1,316 shares in the last quarter. Finally, Canton Hathaway LLC bought a new stake in Atlas Energy Solutions during the 1st quarter valued at $73,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Atlas Energy Solutions Stock Performance

NYSE:AESI opened at $11.76 on Tuesday. The stock has a market cap of $1.46 billion, a P/E ratio of 84.01 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 business’s 50-day moving average price is $13.14 and its two-hundred day moving average price is $14.85. Atlas Energy Solutions Inc. has a twelve month low of $10.92 and a twelve month high of $26.86.

Atlas Energy Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Thursday, August 14th. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 714.29%.

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.