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

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.02, for a total transaction of $210,200.00. Following the transaction, the insider now owns 532,010 shares of the company’s stock, valued at approximately $11,182,850.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Monday, October 14th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.50, for a total value of $205,000.00.

Atlas Energy Solutions Trading Down 1.3 %

AESI stock opened at $19.58 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.53 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a twelve month low of $15.55 and a twelve month high of $24.93. The company has a market cap of $2.15 billion, a P/E ratio of 24.78, a PEG ratio of 6.47 and a beta of 0.56. The business has a fifty day moving average of $20.99 and a 200-day moving average of $21.23.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data 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 firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. The business’s revenue for the quarter was up 93.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, equities research analysts expect that Atlas Energy Solutions Inc. will post 1.48 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.24 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.90%. Atlas Energy Solutions’s payout ratio is presently 116.46%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AESI. First Horizon Advisors Inc. grew its position in shares of Atlas Energy Solutions by 313.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock worth $34,000 after buying an additional 1,308 shares during the period. Amalgamated Bank grew its holdings in Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock valued at $47,000 after purchasing an additional 1,801 shares during the period. CWM LLC increased its stake in Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company’s stock valued at $60,000 after purchasing an additional 886 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Atlas Energy Solutions in the first quarter worth $78,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Atlas Energy Solutions during the second quarter worth $74,000. 34.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on AESI. 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. The Goldman Sachs Group reduced their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Benchmark reaffirmed a “buy” rating and set a $27.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Pickering Energy Partners cut shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Finally, Stephens reaffirmed an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Buy” and a consensus price target of $25.75.

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.