Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Gregory M. Shepard Purchases 1,797 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard bought 1,797 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $19.65 per share, with a total value of $35,311.05. Following the transaction, the insider now owns 7,507,194 shares of the company’s stock, valued at $147,516,362.10. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlas Energy Solutions Price Performance

Shares of AESI stock opened at $19.75 on Thursday. 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 12-month low of $15.55 and a 12-month high of $24.93. The firm has a fifty day moving average of $21.01 and a 200-day moving average of $21.36. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 6.47 and a beta of 0.56.

Atlas Energy Solutions (NYSE:AESI) last posted its earnings results on Monday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The business had revenue of $287.52 million during the quarter, compared to analyst estimates of $270.55 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue was up 77.7% on a year-over-year basis. On average, equities research analysts forecast that Atlas Energy Solutions Inc. will post 1.48 earnings per share for the current year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.66%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, August 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 51.11%.

Institutional Investors Weigh In On Atlas Energy Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Whitebox Advisors LLC acquired a new stake in shares of Atlas Energy Solutions in the 1st quarter valued at about $49,712,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Atlas Energy Solutions by 9,759.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,628,485 shares of the company’s stock worth $36,838,000 after buying an additional 1,611,968 shares in the last quarter. Cooke & Bieler LP raised its position in Atlas Energy Solutions by 775.7% in the 2nd quarter. Cooke & Bieler LP now owns 1,699,013 shares of the company’s stock valued at $33,861,000 after buying an additional 1,504,988 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Atlas Energy Solutions by 127.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock valued at $19,564,000 after buying an additional 637,249 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Atlas Energy Solutions by 38.2% in the 1st quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock valued at $52,145,000 after acquiring an additional 636,785 shares in the last quarter. 34.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on AESI. Royal Bank of Canada dropped their price objective on Atlas Energy Solutions from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, October 11th. The Goldman Sachs Group lowered their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Bank of America cut their price objective on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Barclays lowered their target price on shares of Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Piper Sandler cut their price target on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Atlas Energy Solutions has a consensus rating of “Buy” and an average price target of $25.75.

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.