AE Wealth Management LLC Invests $1.87 Million in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• AE Wealth Management LLC has acquired a new stake in Solaris Energy Infrastructure, purchasing 85,948 shares valued at approximately $1,870,000, representing 0.13% ownership of the company.
• Solaris Energy Infrastructure will pay a quarterly dividend of $0.12 per share on September 26th, with a current annualized dividend yield of 1.48%.
• Analysts are generally optimistic about Solaris Energy Infrastructure, with an average rating of "Buy" and a consensus price target of $41.78.

AE Wealth Management LLC purchased 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 & Exchange Commission. The fund purchased 85,948 shares of the company's stock, valued at approximately $1,870,000. AE Wealth Management LLC owned 0.13% of Solaris Energy Infrastructure as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GW&K Investment Management LLC purchased a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $9,437,000. Cerity Partners LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $264,000. Acuitas Investments LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $3,728,000. Emerald Advisers LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $15,188,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $267,000. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Trading Down 1.7%

Shares of SEI traded down $0.58 during trading hours on Wednesday, reaching $33.22. 2,449,451 shares of the company traded hands, compared to its average volume of 1,500,411. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 75.49 and a beta of 1.09. Solaris Energy Infrastructure, Inc. has a 12-month low of $10.96 and a 12-month high of $39.03. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The stock's fifty day moving average price is $29.35 and its 200 day moving average price is $26.23.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be issued 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 1.45%. Solaris Energy Infrastructure's dividend payout ratio is presently 81.36%.

Analyst Ratings Changes

SEI has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. Barclays restated an "overweight" rating and issued a $44.00 price objective (up from $39.00) on shares of Solaris Energy Infrastructure in a report on Monday. Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price objective for the company. Stifel Nicolaus restated a "buy" rating and issued a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Northland Securities assumed coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $42.33.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the purchase, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aj Teague purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the acquisition, the director owned 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 12,000 shares of company stock valued at $267,150 over the last quarter. 21.20% of the stock is currently owned by corporate insiders.

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.