Villere ST Denis J & Co. LLC Lowers Stock Position in Atlas Energy Solutions Inc. $AESI

Villere ST Denis J & Co. LLC lowered its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 8.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,025,944 shares of the company’s stock after selling 193,984 shares during the period. Atlas Energy Solutions comprises approximately 1.9% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 29th biggest holding. Villere ST Denis J & Co. LLC’s holdings in Atlas Energy Solutions were worth $19,084,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its position in Atlas Energy Solutions by 1.7% during the second quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock valued at $717,000 after buying an additional 874 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Atlas Energy Solutions by 3.5% in the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock valued at $401,000 after acquiring an additional 1,200 shares during the period. Belpointe Asset Management LLC boosted its position in shares of Atlas Energy Solutions by 3.5% in the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock valued at $412,000 after acquiring an additional 1,232 shares during the period. Alliancebernstein L.P. boosted its position in shares of Atlas Energy Solutions by 2.1% in the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock valued at $825,000 after acquiring an additional 1,500 shares during the period. Finally, Comerica Bank boosted its position in shares of Atlas Energy Solutions by 2.2% in the third quarter. Comerica Bank now owns 70,197 shares of the company’s stock valued at $798,000 after acquiring an additional 1,504 shares during the period. Institutional investors own 34.59% of the company’s stock.

Atlas Energy Solutions Trading Up 5.6%

AESI stock opened at $15.45 on Thursday. The company has a market capitalization of $1.92 billion, a PE ratio of -38.61 and a beta of 0.62. Atlas Energy Solutions Inc. has a one year low of $7.64 and a one year high of $15.51. The company’s 50 day moving average price is $12.24 and its two-hundred day moving average price is $11.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.46.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, insider Gregory M. Shepard sold 130,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $11.98, for a total transaction of $1,557,400.00. Following the transaction, the insider directly owned 7,421,210 shares of the company’s stock, valued at approximately $88,906,095.80. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $11.79, for a total transaction of $105,072.48. Following the completion of the transaction, the insider owned 567,972 shares in the company, valued at $6,696,389.88. This represents a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 238,912 shares of company stock worth $2,837,472 over the last three months. Insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AESI. Weiss Ratings downgraded shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, February 27th. Stephens set a $16.00 target price on shares of Atlas Energy Solutions in a research note on Tuesday, January 27th. The Goldman Sachs Group raised their target price on shares of Atlas Energy Solutions from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Wednesday, March 4th. Zacks Research raised shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Citigroup raised shares of Atlas Energy Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $10.40 to $18.00 in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.43.

About Atlas Energy Solutions

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.