Swiss National Bank Purchases Shares of 66,300 Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Swiss National Bank has acquired a new stake in Solaris Energy Infrastructure, purchasing 66,300 shares valued at approximately $1.44 million, representing about 0.10% of the company.
• Solaris Energy Infrastructure recently declared a quarterly dividend of $0.12, with an annual yield of 1.7% and a payout ratio of 81.36%.
• Analysts have mixed ratings on Solaris Energy, with one firm downgrading it to "sell" while others maintain "buy" ratings, with average target prices ranging between $36.00 and $45.00.

Swiss National Bank bought a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $35,060,000. Westwood Holdings Group Inc. acquired a new position in Solaris Energy Infrastructure during the first quarter worth $29,298,000. Emerald Advisers LLC purchased a new stake in Solaris Energy Infrastructure during the first quarter worth $15,188,000. Royce & Associates LP acquired a new stake in Solaris Energy Infrastructure in the first quarter valued at $11,190,000. Finally, GW&K Investment Management LLC acquired a new stake in Solaris Energy Infrastructure in the first quarter valued at $9,437,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays lifted their price target 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. Citigroup started coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Piper Sandler cut their target price on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Vertical Research initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price target on the stock. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Trading Up 6.9%

Solaris Energy Infrastructure stock traded up $2.03 during trading on Thursday, hitting $31.66. The company's stock had a trading volume of 1,939,345 shares, compared to its average volume of 1,526,460. The stock's fifty day moving average is $30.00 and its 200 day moving average is $26.25. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 53.66 and a beta of 1.14. 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 business also recently announced 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 of this dividend is Tuesday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 81.36%.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business's stock in a transaction that occurred on 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 directly owned 90,956 shares in the company, valued at approximately $2,624,990.16. The trade was a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 21.20% of the company's stock.

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.