Atlas Energy Solutions Inc. (NYSE:AESI) Stock Position Lessened by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC lowered its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,783,652 shares of the company’s stock after selling 27,593 shares during the period. Atlas Energy Solutions accounts for approximately 3.2% of Villere ST Denis J & Co. LLC’s portfolio, making the stock its 7th largest holding. Villere ST Denis J & Co. LLC’s holdings in Atlas Energy Solutions were worth $38,884,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after acquiring an additional 1,308 shares in the last quarter. Amalgamated Bank raised its position in shares of Atlas Energy Solutions by 328.1% in the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after buying an additional 1,801 shares in the last quarter. CWM LLC raised its position in shares of Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company’s stock worth $60,000 after buying an additional 886 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Atlas Energy Solutions in the second quarter worth $74,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Atlas Energy Solutions in the first quarter worth $78,000. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Up 0.1 %

AESI opened at $20.63 on Friday. The stock has a market cap of $2.27 billion, a PE ratio of 26.11, a P/E/G ratio of 11.04 and a beta of 0.69. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93. The business’s fifty day simple moving average is $20.89 and its 200 day simple moving average is $21.14.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) 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 company 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 business posted $0.51 earnings per share. The firm’s quarterly revenue was up 93.1% compared to the same quarter last year. As a group, research analysts expect that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.24 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 116.46%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AESI. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $21.00 in a research report on Thursday. Barclays lowered their price objective on Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Stephens reiterated an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Finally, Benchmark reiterated a “buy” rating and issued a $27.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Atlas Energy Solutions has a consensus rating of “Buy” and a consensus target price of $25.25.

Insider Activity

In other news, major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total transaction of $166,620.24. Following the transaction, the insider now directly owns 943,317 shares of the company’s stock, valued at approximately $18,338,082.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard bought 1,797 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were bought at an average cost of $19.65 per share, with a total value of $35,311.05. Following the completion of the purchase, the insider now directly owns 7,507,194 shares of the company’s stock, valued at $147,516,362.10. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total value of $166,620.24. Following the completion of the sale, the insider now directly owns 943,317 shares in the company, valued at $18,338,082.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 60,869 shares of company stock valued at $1,187,983 and have sold 65,713 shares valued at $1,367,117. Insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Company 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.