Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Brian Anthony Leveille Sells 10,000 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.02, for a total value of $210,200.00. Following the completion of the transaction, the insider now directly owns 532,010 shares in the company, valued at approximately $11,182,850.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 traded down $0.27 on Thursday, reaching $19.58. 760,955 shares of the stock were exchanged, compared to its average volume of 884,697. The company’s 50-day moving average price is $20.99 and its 200 day moving average price is $21.23. The firm has a market capitalization of $2.15 billion, a PE ratio of 24.84, a PEG ratio of 6.47 and a beta of 0.56. 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 debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.35.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly 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 13.71% and a return on equity of 16.75%. The business had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Atlas Energy Solutions’s revenue for the quarter was up 93.1% on a year-over-year basis. As a group, sell-side analysts forecast that Atlas Energy Solutions Inc. will post 1.48 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Thursday, November 7th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s payout ratio is currently 116.46%.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Atlas Energy Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after buying an additional 33,286 shares in the last quarter. Sei Investments Co. increased its stake in Atlas Energy Solutions by 119.0% during the 1st quarter. Sei Investments Co. now owns 88,106 shares of the company’s stock worth $1,993,000 after buying an additional 47,882 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Atlas Energy Solutions during the 1st quarter worth approximately $592,000. Lazard Asset Management LLC purchased a new stake in Atlas Energy Solutions during the 1st quarter worth approximately $8,728,000. Finally, Capstone Investment Advisors LLC increased its stake in Atlas Energy Solutions by 9.2% during the 1st quarter. Capstone Investment Advisors LLC now owns 545,859 shares of the company’s stock worth $12,347,000 after buying an additional 45,859 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Analyst Ratings Changes

AESI has been the subject of a number of analyst reports. Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday. Piper Sandler decreased their price objective on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, July 15th. The Goldman Sachs Group decreased their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Benchmark reiterated a “buy” rating and set a $27.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Atlas Energy Solutions in a report on Wednesday. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $25.75.

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.