Venturi Wealth Management LLC Reduces Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Venturi Wealth Management LLC trimmed its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,086,254 shares of the company's stock after selling 116,500 shares during the period. Atlas Energy Solutions comprises 1.2% of Venturi Wealth Management LLC's portfolio, making the stock its 16th biggest holding. Venturi Wealth Management LLC owned about 0.99% of Atlas Energy Solutions worth $24,093,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quest Partners LLC bought a new position in shares of Atlas Energy Solutions in the 3rd quarter worth approximately $48,000. FMR LLC increased its holdings in Atlas Energy Solutions by 101.0% during the third quarter. FMR LLC now owns 2,696 shares of the company's stock valued at $59,000 after buying an additional 1,355 shares during the last quarter. CWM LLC raised its position in Atlas Energy Solutions by 47.1% in the third 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Atlas Energy Solutions by 55.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company's stock worth $125,000 after acquiring an additional 2,043 shares during the last quarter. Finally, Emerald Advisers LLC grew its position in shares of Atlas Energy Solutions by 28.4% during the 3rd quarter. Emerald Advisers LLC now owns 10,850 shares of the company's stock valued at $237,000 after acquiring an additional 2,400 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Atlas Energy Solutions news, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $23.95, for a total value of $299,375.00. Following the sale, the insider now owns 419,510 shares of the company's stock, valued at $10,047,264.50. The trade was a 2.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Stacy Hock sold 10,000 shares of the 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 transaction, the insider now owns 907,604 shares of the company's stock, valued at $19,930,983.84. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,071 shares of company stock worth $2,493,851 in the last 90 days. 24.34% of the stock is currently owned by corporate insiders.

Atlas Energy Solutions Price Performance

Shares of Atlas Energy Solutions stock traded down $1.21 on Friday, hitting $20.61. 1,602,495 shares of the company traded hands, compared to its average volume of 1,581,200. Atlas Energy Solutions Inc. has a 52 week low of $17.49 and a 52 week high of $26.86. The business has a 50-day simple moving average of $22.56 and a 200 day simple moving average of $21.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The stock has a market capitalization of $2.27 billion, a P/E ratio of 26.08 and a beta of 1.03.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.25 dividend. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Friday, February 21st. Atlas Energy Solutions's payout ratio is currently 126.58%.

Wall Street Analysts Forecast Growth

AESI has been the topic of a number of recent research reports. Raymond James cut Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Bank of America reaffirmed a "neutral" rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a "neutral" rating and a $23.00 price objective for the company. Barclays raised their target price on shares of Atlas Energy Solutions from $19.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Finally, Pickering Energy Partners downgraded shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

Atlas Energy Solutions 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.