Voya Investment Management LLC Reduces Holdings in Atlas Energy Solutions Inc. $AESI

Voya Investment Management LLC decreased its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,872 shares of the company’s stock after selling 2,015 shares during the quarter. Voya Investment Management LLC’s holdings in Atlas Energy Solutions were worth $337,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Atlas Energy Solutions by 201.8% during the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock worth $35,000 after purchasing an additional 1,316 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Atlas Energy Solutions by 1,240.1% during the first quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $35,000 after purchasing an additional 1,823 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Atlas Energy Solutions during the first quarter worth about $55,000. Canton Hathaway LLC purchased a new position in shares of Atlas Energy Solutions during the first quarter worth about $73,000. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Atlas Energy Solutions by 13.9% during the first quarter. Mutual of America Capital Management LLC now owns 10,460 shares of the company’s stock worth $187,000 after purchasing an additional 1,277 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Price Performance

Shares of AESI opened at $11.89 on Monday. Atlas Energy Solutions Inc. has a fifty-two week low of $10.40 and a fifty-two week high of $26.86. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 84.90 and a beta of 1.19. The firm has a 50-day simple moving average of $11.85 and a 200-day simple moving average of $13.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.56.

Atlas Energy Solutions Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on AESI. Stifel Nicolaus dropped their price objective on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Piper Sandler decreased their target price on shares of Atlas Energy Solutions from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.