Swiss National Bank Buys New Position in Solaris Energy Infrastructure, Inc. $SEI

Swiss National Bank purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 66,300 shares of the company’s stock, valued at approximately $1,443,000. Swiss National Bank owned approximately 0.10% of Solaris Energy Infrastructure as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in Solaris Energy Infrastructure during the 1st quarter valued at $29,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth $38,000. Nisa Investment Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth $41,000. Riverview Trust Co bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth $47,000. Finally, California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth $52,000. 67.44% of the stock is currently owned by institutional investors.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Edgar R. Jr. Giesinger sold 10,000 shares of Solaris Energy Infrastructure stock in a transaction on Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the sale, the director directly owned 90,956 shares in the company, valued at $2,624,990.16. This trade represents a 9.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.20% of the company’s stock.

Wall Street Analyst Weigh In

SEI has been the topic of a number of research reports. Piper Sandler lowered their price objective on Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Raymond James Financial restated an “outperform” rating and issued a $38.00 price objective (down from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Stifel Nicolaus reissued a “buy” rating and set a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Citigroup started coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a “buy” rating on the stock. Finally, Barclays boosted their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $43.67.

Solaris Energy Infrastructure Price Performance

Shares of SEI traded down $0.39 during trading hours on Wednesday, hitting $29.47. 557,969 shares of the stock were exchanged, compared to its average volume of 1,518,911. Solaris Energy Infrastructure, Inc. has a 12-month low of $10.96 and a 12-month high of $39.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The stock’s 50-day moving average price is $29.99 and its two-hundred day moving average price is $26.23. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 66.98 and a beta of 1.14.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. Solaris Energy Infrastructure’s payout ratio is currently 81.36%.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.