Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Gregory M. Shepard Buys 32,155 Shares

Atlas Energy Solutions Inc. (NYSE:AESI - Get Free Report) major shareholder Gregory M. Shepard bought 32,155 shares of the business's stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of $19.04 per share, with a total value of $612,231.20. Following the transaction, the insider now owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. The trade was a 0.42 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Atlas Energy Solutions Trading Down 0.9 %

Atlas Energy Solutions stock traded down $0.17 during trading on Tuesday, reaching $17.86. The company had a trading volume of 1,475,023 shares, compared to its average volume of 1,614,537. Atlas Energy Solutions Inc. has a 12-month low of $17.26 and a 12-month high of $26.86. The stock's 50 day moving average price is $22.26 and its two-hundred day moving average price is $21.67. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 22.60 and a beta of 1.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $271.34 million for the quarter, compared to analysts' expectations of $272.94 million. As a group, equities analysts expect that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal year.

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Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.25 per share. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date was Friday, February 21st. Atlas Energy Solutions's payout ratio is presently 178.57%.

Analyst Ratings Changes

A number of brokerages have issued reports on AESI. Barclays cut their target price on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday. Benchmark 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 report on Wednesday, February 26th. The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a report on Friday, December 13th. They set a "neutral" rating and a $23.00 price target for the company. Stephens lifted their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada lowered their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $24.39.

Institutional Trading of Atlas Energy Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Atlas Energy Solutions during the fourth quarter worth $27,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after purchasing an additional 523 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Atlas Energy Solutions by 307.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after purchasing an additional 1,047 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after purchasing an additional 1,276 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Atlas Energy Solutions during the third quarter worth $48,000. 34.59% of the stock is owned by institutional investors and hedge funds.

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.