Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $215,000.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $21.50, for a total value of $215,000.00. Following the transaction, the insider now owns 472,010 shares of the company’s stock, valued at $10,148,215. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $24.02, for a total transaction of $720,600.00.
• 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 shares were 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

Atlas Energy Solutions stock opened at $23.42 on Thursday. Atlas Energy Solutions Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $24.93. The company has a market capitalization of $2.58 billion, a PE ratio of 29.65, a P/E/G ratio of 13.12 and a beta of 0.69. The company has a 50 day moving average price of $21.18 and a 200-day moving average price of $21.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI) last issued its earnings results on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 93.1% on a year-over-year basis. As a group, equities analysts forecast that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.10%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio is presently 121.52%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $21.00 in a report on Thursday, November 7th. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 30th. Finally, Barclays cut Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $23.00 to $19.00 in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.44.

Institutional Investors Weigh In On Atlas Energy Solutions

Large investors have recently modified their holdings of the business. First Horizon Advisors Inc. increased its holdings in Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after buying an additional 1,308 shares during the period. Amalgamated Bank boosted its position in Atlas Energy Solutions by 328.1% during the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after acquiring an additional 1,801 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Atlas Energy Solutions in the 3rd quarter valued at $48,000. FMR LLC increased its holdings in shares of Atlas Energy Solutions by 101.0% in the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after acquiring an additional 1,355 shares during the period. Finally, CWM LLC raised 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 worth $60,000 after acquiring an additional 886 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

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.