Texas Capital Bank Wealth Management Services Inc Acquires New Shares in Atlas Energy Solutions Inc. $AESI

Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the company’s stock, valued at approximately $942,000.

Several other institutional investors also recently modified their holdings of AESI. EverSource Wealth Advisors LLC purchased a new stake in shares of Atlas Energy Solutions during the second quarter valued at $25,000. Quarry LP purchased a new stake in shares of Atlas Energy Solutions during the third quarter valued at $26,000. Centerpoint Advisors LLC boosted its position in shares of Atlas Energy Solutions by 270.6% during the third quarter. Centerpoint Advisors LLC now owns 2,850 shares of the company’s stock valued at $32,000 after buying an additional 2,081 shares during the last quarter. CWM LLC boosted its position in shares of Atlas Energy Solutions by 555.4% during the fourth quarter. CWM LLC now owns 11,175 shares of the company’s stock valued at $105,000 after buying an additional 9,470 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Atlas Energy Solutions by 43.4% during the second quarter. BNP Paribas Financial Markets now owns 7,823 shares of the company’s stock valued at $105,000 after buying an additional 2,369 shares during the last quarter. 34.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Chris Scholla sold 8,912 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $11.79, for a total value of $105,072.48. Following the transaction, the insider owned 567,972 shares of the company’s stock, valued at approximately $6,696,389.88. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.40% of the company’s stock.

Atlas Energy Solutions Stock Down 6.2%

AESI stock opened at $17.03 on Friday. Atlas Energy Solutions Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $20.13. The business’s 50-day moving average is $15.49 and its two-hundred day moving average is $12.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 1.17. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -21.55 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Wednesday, March 4th. Stifel Nicolaus set a $28.00 price objective on Atlas Energy Solutions in a research report on Friday, May 1st. Weiss Ratings cut Atlas Energy Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Citigroup increased their target price on Atlas Energy Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada increased their target price on Atlas Energy Solutions from $14.00 to $20.00 and gave the company a “sector perform” rating in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.57.

Atlas Energy Solutions Profile

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.