Ballentine Partners LLC Acquires 575 Shares of Solaris Energy Infrastructure, Inc. $SEI

Ballentine Partners LLC lifted its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,210 shares of the company’s stock after purchasing an additional 575 shares during the period. Ballentine Partners LLC’s holdings in Solaris Energy Infrastructure were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Cerity Partners LLC bought a new stake in Solaris Energy Infrastructure during the first quarter valued at about $264,000. GW&K Investment Management LLC bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at approximately $9,437,000. Informed Momentum Co LLC bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at approximately $2,458,000. Acuitas Investments LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter worth approximately $3,728,000. Finally, Vanguard Group Inc. bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $35,060,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Solaris Energy Infrastructure

In other news, insider Christopher M. Powell sold 12,750 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total transaction of $382,500.00. Following the completion of the transaction, the insider directly owned 130,615 shares in the company, valued at approximately $3,918,450. This represents a 8.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William A. Zartler bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $24.83 per share, with a total value of $248,300.00. Following the completion of the acquisition, the chief executive officer owned 1,049,227 shares of the company’s stock, valued at $26,052,306.41. This represents a 0.96% increase in their position. The disclosure for this purchase can be found here. Insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE SEI opened at $39.70 on Monday. The firm’s fifty day moving average is $31.04 and its two-hundred day moving average is $26.80. Solaris Energy Infrastructure, Inc. has a 52-week low of $12.48 and a 52-week high of $43.46. The company has a market cap of $2.68 billion, a P/E ratio of 67.29 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 16th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Solaris Energy Infrastructure’s dividend payout ratio is presently 81.36%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Piper Sandler decreased their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Barclays upped their target price 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. Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a research note on Monday, August 4th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and a consensus price target of $43.67.

Solaris Energy Infrastructure Profile

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.