236,080 Shares in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 236,080 shares of the company's stock, valued at approximately $5,137,000. Bank of New York Mellon Corp owned approximately 0.35% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wayfinding Financial LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $29,000. Riverview Trust Co acquired a new position in Solaris Energy Infrastructure in the 1st quarter worth $47,000. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure during the 4th quarter worth about $52,000. GAMMA Investing LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $435,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $772,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Trading Down 3.9%

NASDAQ SEI traded down $1.31 during mid-day trading on Friday, reaching $32.54. 2,065,900 shares of the stock were exchanged, compared to its average volume of 1,481,160. Solaris Energy Infrastructure, Inc. has a one year low of $10.96 and a one year high of $39.03. The stock has a 50 day simple moving average of $28.48 and a 200-day simple moving average of $26.11. 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 current ratio of 3.61 and a quick ratio of 3.40.

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. This represents a $0.48 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 97.96%.

Analysts Set New Price Targets

SEI has been the topic of several research analyst reports. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating on the stock. Vertical Research started 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. Northland Securities started coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 target price on the stock. Finally, Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $41.78.

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, with a total value of $26,770.00. Following the transaction, the director owned 98,459 shares in the company, valued at $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 12,000 shares of company stock valued at $267,150. Insiders own 21.20% of the company's stock.

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.