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

Ieq Capital LLC reduced its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,065 shares of the company’s stock after selling 8,275 shares during the period. Ieq Capital LLC owned approximately 0.14% of Atlas Energy Solutions worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its holdings in shares of Atlas Energy Solutions by 191.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after purchasing an additional 1,276 shares during the period. Quest Partners LLC acquired a new position in shares of Atlas Energy Solutions in the third quarter valued at about $48,000. FMR LLC increased its holdings in shares of Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after purchasing an additional 1,355 shares during the period. CWM LLC increased its holdings 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 valued at $60,000 after purchasing an additional 886 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Atlas Energy Solutions by 55.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock valued at $125,000 after purchasing an additional 2,043 shares during the period. 34.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AESI has been the topic of a number of research reports. Stephens increased their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Royal Bank of Canada raised their target price on Atlas Energy Solutions from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Bank of America reaffirmed a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. 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 report on Thursday, January 30th. Finally, Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Insiders Place Their Bets

In other news, major shareholder Stacy Hock sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.50, for a total value of $225,000.00. Following the transaction, the insider now owns 897,604 shares in the company, valued at $20,196,090. This trade represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $24.02, for a total value of $720,600.00. Following the completion of the transaction, the insider now owns 432,010 shares in the company, valued at approximately $10,376,880.20. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,071 shares of company stock worth $2,493,851. 24.34% of the stock is owned by corporate insiders.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $20.61 on Friday. The company has a market capitalization of $2.27 billion, a P/E ratio of 26.08 and a beta of 1.03. The business’s 50 day moving average is $22.56 and its two-hundred day moving average is $21.67. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12-month low of $17.49 and a 12-month high of $26.86.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio is currently 121.52%.

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.