Gregory M. Shepard Acquires 60,393 Shares of Atlas Energy Solutions Inc. (NYSE:AESI) Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Gregory M. Shepard purchased 60,393 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average price of $19.05 per share, with a total value of $1,150,486.65. Following the transaction, the insider now owns 7,383,018 shares in the company, valued at $140,646,492.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Atlas Energy Solutions Stock Down 2.9 %

Shares of NYSE AESI opened at $19.61 on Thursday. The company has a 50 day simple moving average of $22.19 and a 200-day simple moving average of $20.13. The company has a market capitalization of $1.96 billion, a P/E ratio of 10.89, a P/E/G ratio of 2.93 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.24 and a quick ratio of 2.05. Atlas Energy Solutions Inc. has a 1 year low of $15.55 and a 1 year high of $24.93.

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

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 16th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.49%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.21. Atlas Energy Solutions’s dividend payout ratio (DPR) is presently 35.56%.

Analyst Ratings Changes

AESI has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Benchmark initiated coverage on shares of Atlas Energy Solutions in a report on Thursday, May 23rd. They issued a “buy” rating and a $27.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Atlas Energy Solutions from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Raymond James increased their price objective on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a report on Tuesday, April 16th. Finally, Tudor, Pickering, Holt & Co. initiated coverage on shares of Atlas Energy Solutions in a report on Monday. They issued a “buy” rating for the company. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $26.00.

Hedge Funds Weigh In On Atlas Energy Solutions

A number of hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth approximately $78,000. Boston Partners boosted its position in shares of Atlas Energy Solutions by 33.1% during the 1st quarter. Boston Partners now owns 39,033 shares of the company’s stock worth $883,000 after purchasing an additional 9,697 shares during the period. Cetera Investment Advisers purchased a new position in shares of Atlas Energy Solutions during the 1st quarter worth approximately $1,985,000. California State Teachers Retirement System boosted its position in shares of Atlas Energy Solutions by 575.2% during 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 during the period. Finally, Janus Henderson Group PLC boosted its position in shares of 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 worth $57,392,000 after purchasing an additional 537,927 shares during the period. Hedge funds and other 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.