Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Gregory M. Shepard Purchases 40,872 Shares

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard purchased 40,872 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average price of $19.64 per share, with a total value of $802,726.08. Following the completion of the purchase, the insider now owns 7,445,069 shares in the company, valued at $146,221,155.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlas Energy Solutions Stock Up 0.8 %

Shares of AESI opened at $19.78 on Friday. The business has a fifty day moving average of $22.14 and a 200 day moving average of $20.13. The company has a market cap of $1.98 billion, a PE ratio of 10.99, a P/E/G ratio of 2.93 and a beta of 0.73. The company has a quick ratio of 2.05, a current ratio of 2.24 and a debt-to-equity ratio of 0.43. Atlas Energy Solutions Inc. has a 52-week low of $15.55 and a 52-week high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.12). Atlas Energy Solutions had a return on equity of 29.56% and a net margin of 19.98%. The firm had revenue of $192.67 million during the quarter, compared to the consensus estimate of $196.39 million. During the same period last year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, sell-side analysts expect that Atlas Energy Solutions Inc. will post 2.02 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, May 15th. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.45%. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 35.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AESI shares. Raymond James raised their price objective on Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group boosted their target price on Atlas Energy Solutions from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Tudor Pickering raised shares of Atlas Energy Solutions to a “strong-buy” rating in a report on Monday. Benchmark initiated coverage on Atlas Energy Solutions in a research note on Thursday, May 23rd. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Tudor, Pickering, Holt & Co. initiated coverage on Atlas Energy Solutions in a research note on Monday. They set a “buy” rating for the company. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Atlas Energy Solutions currently has a consensus rating of “Buy” and an average price target of $26.00.

Institutional Trading of Atlas Energy Solutions

A number of hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Atlas Energy Solutions during the first quarter valued at about $78,000. Boston Partners increased its holdings in shares of Atlas Energy Solutions by 33.1% during the first quarter. Boston Partners now owns 39,033 shares of the company’s stock valued at $883,000 after acquiring an additional 9,697 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Atlas Energy Solutions during the first quarter valued at about $1,985,000. California State Teachers Retirement System boosted its stake in Atlas Energy Solutions by 575.2% in the 1st quarter. California State Teachers Retirement System now owns 19,784 shares of the company’s stock worth $448,000 after purchasing an additional 16,854 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Atlas Energy Solutions by 26.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after purchasing an additional 537,927 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

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.