Schnieders Capital Management LLC Invests $134,000 in Atlas Energy Solutions Inc. $AESI

Schnieders Capital Management LLC bought a new position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $134,000.

A number of other large investors have also modified their holdings of AESI. Encompass Capital Advisors LLC purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth approximately $43,614,000. Nuveen LLC purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth approximately $26,956,000. Vanguard Group Inc. raised its stake in shares of Atlas Energy Solutions by 16.5% during the 1st 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. HITE Hedge Asset Management LLC purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth approximately $18,844,000. Finally, Zimmer Partners LP purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth approximately $17,840,000. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AESI shares. Citigroup dropped their price objective on Atlas Energy Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Atlas Energy Solutions in a research note on Wednesday, October 8th. Barclays dropped their price objective on Atlas Energy Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, October 13th. Stifel Nicolaus dropped their price objective on Atlas Energy Solutions from $14.50 to $14.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Finally, Piper Sandler dropped their price objective on Atlas Energy Solutions from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.39.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $10.75 on Tuesday. The business’s fifty day moving average price is $11.24 and its two-hundred day moving average price is $12.69. The stock has a market cap of $1.33 billion, a PE ratio of 76.76 and a beta of 1.16. 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 Inc. has a one year low of $10.03 and a one year high of $26.86.

Atlas Energy Solutions Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date was Thursday, August 14th. Atlas Energy Solutions’s dividend payout ratio is 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.