Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $219,600.00 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $21.96, for a total transaction of $219,600.00. Following the sale, the insider now directly owns 907,604 shares of the company’s stock, valued at approximately $19,930,983.84. The trade was a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Stacy Hock also recently made the following trade(s):

• On Wednesday, December 18th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $22.55, for a total transaction of $193,276.05.
• On Wednesday, November 13th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.12, for a total transaction of $181,019.52.

Atlas Energy Solutions Stock Performance

Shares of NYSE AESI opened at $24.59 on Friday. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 5.55 and a beta of 1.03. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93. The company has a 50 day simple moving average of $22.37 and a two-hundred day simple moving average of $21.25. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $307.93 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Atlas Energy Solutions’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 company posted $0.51 earnings per share. As a group, analysts predict that Atlas Energy Solutions Inc. will post 0.87 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.24 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.90%. The ex-dividend date was Thursday, November 7th. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 121.52%.

Analyst Ratings Changes

Several analysts have recently commented on AESI shares. Citigroup lowered 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. Pickering Energy Partners downgraded Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Bank of America restated a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a report on Monday. Raymond James cut shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $25.00 price target on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Institutional Investors Weigh In On Atlas Energy Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its stake in shares of Atlas Energy Solutions by 328.1% in the 2nd 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. Quest Partners LLC acquired a new position in shares of Atlas Energy Solutions in the third quarter worth about $48,000. FMR LLC boosted its stake in shares of Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock worth $59,000 after acquiring an additional 1,355 shares in the last quarter. CWM LLC grew its position in shares of Atlas Energy Solutions by 47.1% during 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 during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Atlas Energy Solutions by 54.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock valued at $107,000 after purchasing an additional 1,860 shares in the last quarter. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Company Profile

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.