Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $207,000.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 10,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $20.70, for a total transaction of $207,000.00. Following the completion of the transaction, the insider now directly owns 482,010 shares of the company’s stock, valued at $9,977,607. This represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 shares were 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

NYSE AESI opened at $21.21 on Thursday. Atlas Energy Solutions Inc. has a 1 year low of $15.55 and a 1 year high of $24.93. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 11.57 and a beta of 0.69. 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’s 50 day simple moving average is $21.01 and its 200 day simple moving average is $21.04.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.25). The business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company’s revenue for the quarter was up 93.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. 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 declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, November 7th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 4.53%. Atlas Energy Solutions’s payout ratio is 121.52%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $21.00 in a report on Thursday, November 7th. Barclays cut Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $23.00 to $19.00 in a report on Tuesday, November 12th. Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $22.00 in a research report on Thursday, November 14th. Stephens reissued an “overweight” rating and set a $28.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Finally, Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AESI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Atlas Energy Solutions by 1.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock worth $979,000 after acquiring an additional 711 shares during the last quarter. Beck Capital Management LLC raised its stake in shares of Atlas Energy Solutions by 0.6% during the second quarter. Beck Capital Management LLC now owns 130,588 shares of the company’s stock valued at $2,603,000 after acquiring an additional 749 shares during the last quarter. CWM LLC raised its stake in shares of Atlas Energy Solutions by 47.1% during the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after acquiring an additional 886 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Atlas Energy Solutions by 1.0% during the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company’s stock worth $1,767,000 after purchasing an additional 897 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after purchasing an additional 1,308 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

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.