Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $115,850.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 5,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $23.17, for a total transaction of $115,850.00. Following the completion of the sale, the insider now directly owns 409,510 shares in the company, valued at $9,488,346.70. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.95, for a total transaction of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.02, for a total value of $720,600.00.
• On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.50, for a total value of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.70, for a total transaction of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.39, for a total transaction of $427,800.00.
• On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.02, for a total value of $210,200.00.
• On Monday, October 14th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.50, for a total value of $205,000.00.

Atlas Energy Solutions Stock Performance

AESI opened at $22.49 on Wednesday. The business has a 50 day moving average price of $21.43 and a two-hundred day moving average price of $20.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 11.53 and a beta of 0.96. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.25). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. During the same period in the prior year, the business earned $0.51 EPS. The company’s quarterly revenue was up 93.1% compared to the same quarter last year. Research analysts predict that Atlas Energy Solutions Inc. will post 0.88 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a $0.24 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.27%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s payout ratio is currently 121.52%.

Wall Street Analyst Weigh In

AESI has been the subject of several analyst reports. The Goldman Sachs Group started coverage on shares of Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 price target for the company. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Finally, Barclays cut Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its position in Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after buying an additional 1,308 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Atlas Energy Solutions by 328.1% in the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after acquiring an additional 1,801 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Atlas Energy Solutions during the third quarter worth $48,000. FMR LLC lifted its holdings in shares of Atlas Energy Solutions by 101.0% during the third quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after purchasing an additional 1,355 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares during the period. 34.59% of the stock is currently owned by institutional investors.

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.