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

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.02, for a total transaction of $210,200.00. Following the completion of the transaction, the insider now directly owns 532,010 shares in the company, valued at $11,182,850.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 Down 1.3 %

AESI stock opened at $19.58 on Friday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 6.47 and a beta of 0.56. The company has a 50-day moving average of $20.99 and a two-hundred day moving average of $21.23. Atlas Energy Solutions Inc. has a 52-week low of $15.55 and a 52-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 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). The business had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. Atlas Energy Solutions’s revenue for the quarter was up 93.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. As a group, equities research analysts anticipate that Atlas Energy Solutions Inc. will post 1.48 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be paid a $0.24 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.90%. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 116.46%.

Analyst Upgrades and Downgrades

AESI has been the subject of a number of recent analyst reports. Barclays decreased their price target on 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. Benchmark reiterated a “buy” rating and issued a $27.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Stephens restated an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Bank of America lowered their price objective on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Finally, Piper Sandler decreased their target price on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Buy” and a consensus target price of $25.75.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds have recently bought and sold shares of AESI. Vanguard Group Inc. lifted its stake in shares of Atlas Energy Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after buying an additional 33,286 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Atlas Energy Solutions by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock valued at $53,740,000 after acquiring an additional 30,082 shares in the last quarter. Meridian Wealth Advisors LLC lifted its position in shares of Atlas Energy Solutions by 25.8% in the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock worth $53,362,000 after acquiring an additional 548,620 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Atlas Energy Solutions by 26.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock worth $57,392,000 after purchasing an additional 537,927 shares in the last quarter. Finally, Whitebox Advisors LLC acquired a new stake in shares of Atlas Energy Solutions during the 1st quarter worth approximately $49,712,000. 34.59% of the stock is owned by institutional investors.

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.