Atlas Energy Solutions Inc. (NYSE:AESI – Get Free Report) major shareholder Stacy Hock sold 8,571 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $21.49, for a total transaction of $184,190.79. Following the completion of the sale, the insider now owns 934,746 shares of the company’s stock, valued at $20,087,691.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Stacy Hock also recently made the following trade(s):
- On Wednesday, September 11th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $19.44, for a total transaction of $166,620.24.
- On Monday, August 19th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $20.22, for a total transaction of $173,305.62.
- On Tuesday, July 9th, Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $19.89, for a total transaction of $170,477.19.
Atlas Energy Solutions Trading Down 3.6 %
AESI stock opened at $21.80 on Wednesday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 6.95 and a beta of 0.56. The business’s 50-day moving average is $20.86 and its 200 day moving average is $21.53. Atlas Energy Solutions Inc. has a 12-month low of $15.55 and a 12-month high of $24.93. The company has a current ratio of 1.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42.
Atlas Energy Solutions Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 4.22%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.22. Atlas Energy Solutions’s payout ratio is currently 51.11%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on AESI shares. Benchmark reissued a “buy” rating and set a $27.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Bank of America cut their price target on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Piper Sandler lowered their target price on Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Royal Bank of Canada cut their target price on Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Tudor, Pickering, Holt & Co. assumed coverage on Atlas Energy Solutions in a research note on Monday, June 24th. They set a “buy” rating for the company. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Atlas Energy Solutions has a consensus rating of “Buy” and a consensus price target of $26.25.
View Our Latest Stock Report on Atlas Energy Solutions
Institutional Investors Weigh In On Atlas Energy Solutions
A number of institutional investors have recently modified their holdings of the business. Palogic Value Management L.P. purchased a new stake in shares of Atlas Energy Solutions in the 4th quarter valued at approximately $1,464,000. Goldman Sachs Group Inc. lifted its holdings in Atlas Energy Solutions by 127.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock valued at $19,564,000 after purchasing an additional 637,249 shares during the last quarter. Diversified Trust Co acquired a new stake in Atlas Energy Solutions in the 1st quarter valued at about $209,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Atlas Energy Solutions during the 1st quarter worth approximately $307,000. Finally, Vest Financial LLC bought a new position in Atlas Energy Solutions in the first quarter valued at approximately $854,000. Institutional investors own 34.59% of the company’s stock.
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.
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