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Brian Anthony Leveille, a member of the 10% owner group at Atlas (NYSE:ATCO) Energy Solutions Inc. (NYSE:AESI), recently sold 5,000 shares of the company's common stock. The company, currently valued at $2.53 billion, has demonstrated strong performance with 48.67% revenue growth over the last twelve months. The transaction, dated January 2, 2025, was executed at a price of $23 per share, amounting to a total sale of $115,000. Following this sale, Leveille holds 404,510 shares in the company. According to InvestingPro analysis, AESI appears undervalued despite trading at a P/E ratio of 30.2x, with analyst price targets ranging from $19 to $28. Discover more insights and access the comprehensive Pro Research Report covering AESI and 1,400+ other stocks on InvestingPro.
In other recent news, Atlas Energy Solutions reported a 6% quarterly increase in revenue, reaching $304 million, and announced a dividend increase to $0.24 per share. The company also authorized a $200 million share repurchase program, demonstrating confidence in its financial health. However, Atlas Energy Solutions' stock has been downgraded by several firms, including Goldman Sachs, Citi, and Barclays (LON:BARC), due to concerns over financial forecasts and valuation. Goldman Sachs initiated coverage on Atlas Energy Solutions with a Neutral rating, citing the company's 4.4% dividend yield as an appealing aspect for investors. Despite the downgrades, analysts anticipate potential for shareholder returns to improve, contingent upon certain conditions. In addition, Atlas Energy Solutions is set to join the S&P SmallCap 600, following changes in the S&P 500 and S&P MidCap 400. These recent developments provide important insights for investors tracking Atlas Energy Solutions' performance and future prospects.
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