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 Atlas Energy Solutions stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $21.50, for a total value of $215,000.00. Following the completion of the transaction, the insider now directly owns 472,010 shares in the company, valued at approximately $10,148,215. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• 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 transaction 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 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.
• 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 transaction of $205,000.00.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $23.55 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.60 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 13.05 and a beta of 0.69. The stock’s fifty day simple moving average is $21.14 and its two-hundred day simple moving average is $21.03. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $307.93 million. During the same period in the previous year, the company 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, analysts forecast that Atlas Energy Solutions Inc. will post 0.8 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a dividend of $0.24 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is 121.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AESI. Price T Rowe Associates Inc. MD raised its stake in shares of Atlas Energy Solutions by 9,759.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,628,485 shares of the company’s stock worth $36,838,000 after purchasing an additional 1,611,968 shares during the period. Cooke & Bieler LP raised its position in Atlas Energy Solutions by 775.7% in the second quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company’s stock worth $33,861,000 after acquiring an additional 1,504,988 shares during the period. Wellington Management Group LLP purchased a new position in Atlas Energy Solutions in the third quarter valued at about $17,314,000. Meridian Wealth Advisors LLC grew its position in shares of Atlas Energy Solutions by 25.8% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock valued at $53,362,000 after acquiring an additional 548,620 shares during the period. Finally, Janus Henderson Group PLC increased its stake 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 during the last quarter. Institutional investors own 34.59% of the company’s stock.

Analyst Upgrades and Downgrades

AESI has been the topic of several recent analyst reports. Barclays lowered Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $23.00 to $19.00 in a research note on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Stephens reiterated an “overweight” rating and issued a $28.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Citigroup downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $22.00 in a report on Thursday, November 14th. Finally, The Goldman Sachs Group cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $21.00 in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Atlas Energy Solutions presently has an average rating of “Moderate Buy” and an average target price of $24.44.

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.