Brian Anthony Leveille Sells 5,000 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Posted by Hayley Millar on Jan 26th, 2025

Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) major shareholder Brian Anthony Leveille sold 5,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $23.88, for a total value of $119,400.00. Following the transaction, the insider now owns 382,010 shares of the company’s stock, valued at $9,122,398.80. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 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 Thursday, January 16th, Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.00, for a total transaction of $180,000.00.
On Thursday, January 2nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00.
On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.17, for a total transaction of $115,850.00.
On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.95, for a total transaction of $299,375.00.
On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $24.02, for a total value of $720,600.00.
On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.50, for a total value of $215,000.00.
On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.70, for a total value of $207,000.00.
On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The stock was 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 stock was sold at an average price of $21.02, for a total transaction of $210,200.00.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI opened at $23.98 on Friday. The firm’s 50 day simple moving average is $22.74 and its 200 day simple moving average is $21.42. Atlas Energy Solutions Inc. has a fifty-two week low of $16.42 and a fifty-two week high of $25.38. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 6.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08.

Atlas Energy Solutions (NYSE:AESI – Get Free Report) last posted 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). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $304.40 million during the quarter, compared to analyst estimates of $307.93 million. During the same quarter last year, the business posted $0.51 earnings per share. The company’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 0.84 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.00%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions’s payout ratio is presently 121.52%.

Institutional Investors Weigh In On Atlas Energy Solutions

A number of hedge funds have recently modified their holdings of AESI. Amalgamated Bank increased its stake in Atlas Energy Solutions by 328.1% during the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after purchasing an additional 1,801 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Atlas Energy Solutions during the third quarter worth $48,000. FMR LLC raised its holdings in shares of Atlas Energy Solutions by 101.0% during the third quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after acquiring an additional 1,355 shares during the period. CWM LLC lifted its position in Atlas Energy Solutions by 47.1% in the 3rd quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after acquiring an additional 886 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Atlas Energy Solutions by 55.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock worth $125,000 after purchasing an additional 2,043 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AESI shares. Bank of America reissued a “neutral” rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Raymond James cut Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Finally, Barclays downgraded shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $23.00 to $19.00 in a research report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Read Our Latest Stock Analysis on AESI

Atlas Energy Solutions Company Profile

(Get Free Report)

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.