DekaBank Deutsche Girozentrale Boosts Stock Position in Atlas Energy Solutions Inc. $AESI

DekaBank Deutsche Girozentrale raised its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 54.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,297 shares of the company’s stock after purchasing an additional 1,860 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Atlas Energy Solutions were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AESI. CWM LLC grew its stake in Atlas Energy Solutions by 244.4% during the 2nd quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $30,000 after purchasing an additional 1,586 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Atlas Energy Solutions by 201.8% in the first quarter. Larson Financial Group LLC now owns 1,968 shares of the company’s stock worth $35,000 after buying an additional 1,316 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Atlas Energy Solutions in the first quarter worth about $55,000. Schnieders Capital Management LLC purchased a new stake in shares of Atlas Energy Solutions in the second quarter worth about $134,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Atlas Energy Solutions by 13.9% in the first quarter. Mutual of America Capital Management LLC now owns 10,460 shares of the company’s stock worth $187,000 after buying an additional 1,277 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AESI. Citigroup lowered their target price on Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Barclays lowered their target price on Atlas Energy Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, October 13th. Piper Sandler lowered their target price on Atlas Energy Solutions from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Atlas Energy Solutions in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lowered their target price on 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 investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Atlas Energy Solutions currently has an average rating of “Hold” and a consensus price target of $17.39.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $10.74 on Tuesday. The stock has a 50-day moving average of $11.14 and a 200 day moving average of $12.57. Atlas Energy Solutions Inc. has a twelve month low of $10.01 and a twelve month high of $26.86. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 76.68 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39.

Atlas Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.3%. Atlas Energy Solutions’s dividend payout ratio is presently 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.