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

Posted by Brian Wu on Jan 6th, 2025

Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the transaction, the insider now owns 404,510 shares in the company, valued at approximately $9,303,730. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 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, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were 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 stock was 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 stock was sold at an average price of $24.02, for a total transaction of $720,600.00.
On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were 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 stock was 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 shares were sold at an average price of $21.39, for a total value 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.
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 transaction of $205,000.00.

Atlas Energy Solutions Price Performance

NYSE:AESI traded down $0.78 during trading hours on Monday, hitting $22.20. 729,955 shares of the company’s stock traded hands, compared to its average volume of 538,718. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93. The business’s fifty day simple moving average is $21.93 and its two-hundred day simple moving average is $21.09. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.45 billion, a P/E ratio of 28.10, a P/E/G ratio of 11.53 and a beta of 1.03.

Atlas Energy Solutions (NYSE:AESI – Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 EPS 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 analysts’ expectations of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm’s revenue for the quarter was up 93.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. On average, research analysts anticipate that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a $0.24 dividend. The ex-dividend date of this dividend 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 yield of 4.32%. Atlas Energy Solutions’s payout ratio is 121.52%.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Atlas Energy Solutions by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock valued at $979,000 after acquiring an additional 711 shares during the last quarter. Beck Capital Management LLC lifted its stake in Atlas Energy Solutions by 0.6% in the second quarter. Beck Capital Management LLC now owns 130,588 shares of the company’s stock worth $2,603,000 after purchasing an additional 749 shares during the last quarter. CWM LLC boosted its position in 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 buying an additional 886 shares during the period. Cetera Investment Advisers grew its stake 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 valued at $1,767,000 after buying an additional 897 shares during the last quarter. Finally, 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 worth $59,000 after buying an additional 1,355 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AESI has been the subject of a number of research reports. Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Barclays lowered Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $23.00 to $19.00 in a report on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $22.00 in a research note on Thursday, November 14th. Four research 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 stock. Based on data from MarketBeat, Atlas Energy Solutions currently has an average rating of “Moderate Buy” and an average price target of $24.67.

View Our Latest Report 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.