Insider Selling: Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells 20,000 Shares of Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $21.39, for a total transaction of $427,800.00. Following the sale, the insider now owns 512,010 shares of the company’s stock, valued at approximately $10,951,893.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.02, for a total transaction 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 Trading Up 0.2 %

Shares of AESI opened at $20.64 on Friday. Atlas Energy Solutions Inc. has a twelve month low of $15.55 and a twelve month high of $24.93. 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 firm has a market capitalization of $2.27 billion, a P/E ratio of 26.13, a PEG ratio of 11.85 and a beta of 0.69. The firm’s 50-day moving average is $20.89 and its two-hundred day moving average is $21.13.

Atlas Energy Solutions (NYSE:AESI) last released its quarterly 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 return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $304.40 million during the quarter, compared to analyst estimates of $307.93 million. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue was up 93.1% on a year-over-year basis. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.65%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, November 7th. Atlas Energy Solutions’s payout ratio is 116.46%.

Analysts Set New Price Targets

Several research analysts have weighed in on AESI shares. Piper Sandler lowered their target price on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. 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. Barclays cut their price objective on shares of Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $21.00 in a report on Thursday. Finally, Bank of America cut their price target on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $25.25.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AESI. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth $307,000. BNP Paribas Financial Markets purchased a new position in Atlas Energy Solutions during the first quarter worth about $202,000. Quantbot Technologies LP acquired a new stake in Atlas Energy Solutions in the 1st quarter worth about $592,000. Swiss National Bank purchased a new stake in Atlas Energy Solutions in the 1st quarter valued at about $893,000. Finally, Tectonic Advisors LLC lifted its holdings in shares of Atlas Energy Solutions by 14.4% during the 1st quarter. Tectonic Advisors LLC now owns 54,646 shares of the company’s stock worth $1,236,000 after acquiring an additional 6,873 shares during the period. Hedge funds and other 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.