Atlas Energy Solutions Inc. (NYSE:AESI) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lessened its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 154,065 shares of the company’s stock after selling 8,275 shares during the period. Ieq Capital LLC’s holdings in Atlas Energy Solutions were worth $3,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in shares of Atlas Energy Solutions by 28.6% in the third quarter. Stifel Financial Corp now owns 126,667 shares of the company’s stock valued at $2,761,000 after purchasing an additional 28,158 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Atlas Energy Solutions by 44.7% in the fourth quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock valued at $4,302,000 after purchasing an additional 59,940 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $650,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Atlas Energy Solutions by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock valued at $11,305,000 after purchasing an additional 25,999 shares during the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of Atlas Energy Solutions by 19.3% in the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock valued at $49,856,000 after purchasing an additional 363,742 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Barclays raised their target price on Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Benchmark raised their target price on Atlas Energy Solutions from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Bank of America reissued a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Pickering Energy Partners cut Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group assumed coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a “neutral” rating and a $23.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Insider Activity

In related news, major shareholder Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.17, for a total value of $115,850.00. Following the completion of the transaction, the insider now directly owns 409,510 shares in the company, valued at approximately $9,488,346.70. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of Atlas Energy Solutions stock in a transaction on Friday, January 10th. The shares were sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the transaction, the insider now owns 907,604 shares of the company’s stock, valued at approximately $19,930,983.84. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,071 shares of company stock valued at $2,493,851. 24.34% of the stock is currently owned by corporate insiders.

Atlas Energy Solutions Trading Down 5.5 %

Shares of NYSE AESI opened at $20.61 on Friday. Atlas Energy Solutions Inc. has a twelve month low of $17.49 and a twelve month high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $22.56 and a 200-day simple moving average of $21.67. The stock has a market capitalization of $2.27 billion, a PE ratio of 26.08 and a beta of 1.03.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.25 dividend. The ex-dividend date is Friday, February 21st. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.85%. Atlas Energy Solutions’s payout ratio is presently 121.52%.

Atlas Energy Solutions 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.