American Century Companies Inc. Takes $2.18 Million Position in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• American Century Companies Inc. acquired 100,224 shares of Solaris Energy Infrastructure, Inc. for approximately $2.18 million, representing a 0.15% ownership stake as of its latest SEC filing.
• Analysts have set new price targets for Solaris Energy Infrastructure, with Barclays increasing their target from $39.00 to $44.00 and Stifel Nicolaus raising theirs from $41.00 to $45.00, indicating a generally positive outlook for the stock.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, reflecting a yield of 1.5% and a payout ratio of 81.36%.

American Century Companies Inc. acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 100,224 shares of the company's stock, valued at approximately $2,181,000. American Century Companies Inc. owned 0.15% of Solaris Energy Infrastructure at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Boston Partners purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $1,008,000. Caitong International Asset Management Co. Ltd purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $205,000. Russell Investments Group Ltd. purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $1,695,000. Informed Momentum Co LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $2,458,000. Finally, Nuveen LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at $1,599,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.86, for a total value of $288,600.00. Following the completion of the sale, the director owned 90,956 shares in the company, valued at $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher M. Powell sold 12,750 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the completion of the sale, the insider owned 130,615 shares of the company's stock, valued at approximately $3,918,450. The trade was a 8.89% decrease in their position. The disclosure for this sale can be found here. 21.20% of the stock is owned by company insiders.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI traded down $0.01 during mid-day trading on Friday, reaching $26.48. The stock had a trading volume of 1,802,362 shares, compared to its average volume of 1,624,178. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 44.88 and a beta of 1.15. Solaris Energy Infrastructure, Inc. has a twelve month low of $10.96 and a twelve month high of $39.03. The business has a 50 day simple moving average of $30.12 and a 200 day simple moving average of $26.29.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be given 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 1.8%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 81.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SEI shares. Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Vertical Research started coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price on the stock. Barclays raised their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Piper Sandler dropped their price objective on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $38.00 price objective (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $43.67.

Solaris Energy Infrastructure Company 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.