Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells $181,019.52 in Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $21.12, for a total value of $181,019.52. Following the completion of the transaction, the insider now owns 926,175 shares of the company’s stock, valued at $19,560,816. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, October 3rd, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.49, for a total value of $184,190.79.
• On Wednesday, September 11th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $19.44, for a total value of $166,620.24.
• On Monday, August 19th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.22, for a total value of $173,305.62.

Atlas Energy Solutions Stock Performance

NYSE AESI traded down $0.32 during trading on Friday, reaching $19.93. 500,344 shares of the company’s stock were exchanged, compared to its average volume of 893,080. Atlas Energy Solutions Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $24.93. The stock has a market capitalization of $2.20 billion, a P/E ratio of 25.62, a PEG ratio of 11.68 and a beta of 0.69. The business has a 50 day moving average price of $20.94 and a 200-day moving average price of $21.09. 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) 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). 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 11.01% and a net margin of 8.78%. The company’s revenue was up 93.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Sell-side analysts forecast that Atlas Energy Solutions Inc. will post 0.8 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.96 dividend on an annualized basis and a yield of 4.82%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio is 121.52%.

Institutional Trading of Atlas Energy Solutions

Several large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Atlas Energy Solutions in the 1st quarter worth approximately $202,000. Swiss National Bank purchased a new position in shares of Atlas Energy Solutions during the 1st quarter valued at $893,000. Sei Investments Co. grew its position in Atlas Energy Solutions by 119.0% in the first quarter. Sei Investments Co. now owns 88,106 shares of the company’s stock worth $1,993,000 after acquiring an additional 47,882 shares in the last quarter. Crown Advisors Management Inc. purchased a new position in Atlas Energy Solutions in the first quarter worth $2,262,000. Finally, Vanguard Group Inc. grew its position in Atlas Energy Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after acquiring an additional 33,286 shares in the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AESI shares. Citigroup lowered Atlas Energy Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $22.00 in a research report on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, October 30th. Stephens reiterated an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. The Goldman Sachs Group downgraded Atlas Energy Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $21.00 in a research note on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and set a $27.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.