Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Stacy Hock Sells 10,000 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Stacy Hock sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $21.96, for a total value of $219,600.00. Following the completion of the transaction, the insider now directly owns 907,604 shares in the company, valued at approximately $19,930,983.84. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $22.55, for a total value 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 value of $181,019.52.

Atlas Energy Solutions Stock Up 4.6 %

Atlas Energy Solutions stock traded up $0.99 during trading on Tuesday, hitting $22.67. 864,264 shares of the company were exchanged, compared to its average volume of 749,783. The business’s 50 day moving average is $22.19 and its 200 day moving average is $21.18. Atlas Energy Solutions Inc. has a 52 week low of $15.55 and a 52 week high of $24.93. The company has a market capitalization of $2.50 billion, a P/E ratio of 28.70, a PEG ratio of 11.53 and a beta of 1.03. 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 announced its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.25). The company 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 quarterly revenue was up 93.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. Analysts predict that Atlas Energy Solutions Inc. will post 0.88 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Thursday, November 7th. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. Atlas Energy Solutions’s dividend payout ratio is 121.52%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America reissued a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday. Pickering Energy Partners lowered Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research report on Friday, December 13th. They set a “neutral” rating and a $23.00 target price on the stock. Finally, Barclays lowered Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $23.00 to $19.00 in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AESI. Amalgamated Bank grew its stake in shares of Atlas Energy Solutions by 328.1% during the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company’s stock worth $47,000 after acquiring an additional 1,801 shares during the period. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions during the 3rd quarter worth $48,000. FMR LLC grew 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 during the period. CWM LLC grew its stake 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 worth $60,000 after acquiring an additional 886 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Atlas Energy Solutions by 54.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,297 shares of the company’s stock worth $107,000 after acquiring an additional 1,860 shares during the period. Institutional investors own 34.59% of the company’s stock.

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.