Brian Anthony Leveille Sells 5,000 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Posted by James Quigley on Jan 25th, 2025

Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $23.88, for a total transaction of $119,400.00. Following the completion of the transaction, the insider now owns 382,010 shares of the company’s stock, valued at $9,122,398.80. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

On Thursday, January 16th, Brian Anthony Leveille sold 7,500 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $24.00, for a total transaction of $180,000.00.
On Thursday, January 2nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.00, for a total value of $115,000.00.
On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.17, for a total value of $115,850.00.
On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.95, for a total value of $299,375.00.
On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $24.02, for a total transaction of $720,600.00.
On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.50, for a total value of $215,000.00.
On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.70, for a total value of $207,000.00.
On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.39, for a total transaction of $427,800.00.
On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.02, for a total transaction of $210,200.00.

Atlas Energy Solutions Stock Performance

Shares of AESI stock opened at $23.98 on Friday. The company’s fifty day moving average price is $22.74 and its 200-day moving average price is $21.41. The stock has a market cap of $2.64 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 6.98 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 Inc. has a 12 month low of $16.42 and a 12 month high of $25.38.

Atlas Energy Solutions (NYSE:AESI – Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $307.93 million. During the same quarter last year, the company posted $0.51 EPS. Atlas Energy Solutions’s revenue for the quarter was up 93.1% compared to the same quarter last year. On average, equities analysts expect that Atlas Energy Solutions Inc. will post 0.84 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.00%. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, November 7th. Atlas Energy Solutions’s payout ratio is 121.52%.

Institutional Trading of Atlas Energy Solutions

Institutional investors have recently bought and sold shares of the company. Hodges Capital Management Inc. boosted its stake in Atlas Energy Solutions by 44.7% during the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company’s stock valued at $4,302,000 after purchasing an additional 59,940 shares during the last quarter. Copeland Capital Management LLC increased its holdings in Atlas Energy Solutions by 19.3% in the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock worth $49,856,000 after buying an additional 363,742 shares in the last quarter. DAVENPORT & Co LLC raised its position in Atlas Energy Solutions by 29.0% in the 4th quarter. DAVENPORT & Co LLC now owns 45,800 shares of the company’s stock worth $1,016,000 after buying an additional 10,300 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Atlas Energy Solutions by 0.8% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 351,565 shares of the company’s stock valued at $7,798,000 after acquiring an additional 2,834 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Atlas Energy Solutions by 9.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 33,733 shares of the company’s stock worth $748,000 after acquiring an additional 3,044 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AESI shares. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 target price for the company. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup lowered shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $22.00 in a report on Thursday, November 14th. Bank of America reiterated a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a report on Monday, January 13th. Finally, Pickering Energy Partners lowered shares of Atlas Energy Solutions from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Atlas Energy Solutions presently has an average rating of “Moderate Buy” and an average target price of $24.50.

Read Our Latest Stock Analysis on AESI

Atlas Energy Solutions Company Profile

(Get Free Report)

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.