85,948 Shares in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Purchased by AE Wealth Management LLC

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 acquired a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Acuitas Investments LLC purchased a new position in shares of Solaris Energy Infrastructure during the first quarter worth $3,728,000. Emerald Advisers LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $15,188,000. U.S. Capital Wealth Advisors LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $267,000. Stephens Investment Management Group LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $5,782,000. Finally, GW&K Investment Management LLC purchased a new stake in Solaris Energy Infrastructure during the first quarter worth about $9,437,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Solaris Energy Infrastructure Trading Down 3.9%

NASDAQ:SEI opened at $32.54 on Friday. 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 cap of $2.20 billion, a P/E ratio of 73.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The stock has a 50-day simple moving average of $28.68 and a 200-day simple moving average of $26.12.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.48%. Solaris Energy Infrastructure's dividend payout ratio is currently 81.36%.

Insider Buying and Selling

In related news, Director Aj Teague purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the purchase, the director directly owned 98,459 shares of the company's stock, valued at $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, May 21st. The stock was bought at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 12,000 shares of company stock worth $267,150. 21.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SEI. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday. Piper Sandler boosted their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Wall Street Zen cut Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Wednesday, June 25th. Finally, Northland Securities initiated coverage on Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 target price for the company. One 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. Based on data from MarketBeat, Solaris Energy Infrastructure has an average rating of "Buy" and a consensus price target of $41.78.

About Solaris Energy Infrastructure

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.

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