58,868 Shares in Solaris Energy Infrastructure, Inc. $SEI Bought by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. purchased 58,868 shares of Solaris Energy Infrastructure, valued at approximately $1,281,000, during the first quarter of the year.
• Solaris Energy Infrastructure recently declared a quarterly dividend of $0.12, which represents an annualized yield of 1.7% and is set to be paid on September 26th.
• Analysts have a consensus price target of $43.78 for Solaris Energy Infrastructure, with ten buy ratings and one sell rating on the stock.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,868 shares of the company's stock, valued at approximately $1,281,000. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Solaris Energy Infrastructure at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $29,000. US Bancorp DE bought a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $38,000. Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure in the first quarter worth $41,000. Riverview Trust Co acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $47,000. Finally, California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at $52,000. Institutional investors own 67.44% of the company's stock.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the purchase, the director owned 98,459 shares in the company, valued at approximately $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 21.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Raymond James Financial reiterated an "outperform" rating and set a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Barclays increased their target price on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Stifel Nicolaus restated a "buy" rating and set a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Piper Sandler reduced their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $43.67.

Solaris Energy Infrastructure Stock Up 0.3%

SEI traded up $0.08 on Wednesday, hitting $26.89. 619,145 shares of the company were exchanged, compared to its average volume of 1,524,406. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The company has a market cap of $1.82 billion, a PE ratio of 61.12 and a beta of 1.14. The stock's fifty day moving average is $29.93 and its 200-day moving average is $26.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. Solaris Energy Infrastructure's payout ratio is presently 81.36%.

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.