Gregory Shepard Sells 100,000 Shares of Atlas Energy Solutions (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) insider Gregory Shepard sold 100,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $11.75, for a total value of $1,175,000.00. Following the transaction, the insider directly owned 7,551,210 shares in the company, valued at approximately $88,726,717.50. This represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $11.70 on Friday. The company has a market cap of $1.45 billion, a P/E ratio of -129.94 and a beta of 1.22. The business has a fifty day simple moving average of $10.80 and a 200-day simple moving average of $10.75. Atlas Energy Solutions Inc. has a 52 week low of $7.64 and a 52 week high of $21.78. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.43.

Analysts Set New Price Targets

AESI has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of Atlas Energy Solutions from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $12.00 to $8.00 in a research report on Thursday, November 20th. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Barclays reissued an “underweight” rating and set a $7.00 price objective (down from $11.00) on shares of Atlas Energy Solutions in a research note on Friday, November 14th. Weiss Ratings raised Atlas Energy Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 11th. Finally, Stephens set a $16.00 target price on Atlas Energy Solutions in a report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.80.

Institutional Trading of Atlas Energy Solutions

Large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its stake in shares of Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after purchasing an additional 874 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Atlas Energy Solutions by 7.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,090 shares of the company’s stock worth $215,000 after acquiring an additional 1,061 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Atlas Energy Solutions by 3.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $401,000 after acquiring an additional 1,200 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in Atlas Energy Solutions by 3.5% in the 3rd quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock worth $412,000 after acquiring an additional 1,232 shares during the period. Finally, Alliancebernstein L.P. grew its position in Atlas Energy Solutions by 2.1% in the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock valued at $825,000 after acquiring an additional 1,500 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

About Atlas Energy Solutions

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.