Cerity Partners LLC Takes $264,000 Position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• Cerity Partners LLC has acquired a new stake in Solaris Energy Infrastructure, purchasing 12,154 shares valued at approximately $264,000.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, representing an annualized yield of 1.48%.
• Analysts have a consensus rating of "Buy" for Solaris, with a target price averaging $41.78, as noted in recent brokerage reports.

Cerity Partners LLC acquired a new stake in shares of 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 institutional investor acquired 12,154 shares of the company's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $29,000. California State Teachers Retirement System purchased a new position in Solaris Energy Infrastructure during the fourth quarter worth approximately $52,000. Nisa Investment Advisors LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $41,000. Riverview Trust Co purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $47,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth approximately $267,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on SEI. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Barclays increased their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Monday. Vertical Research initiated coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price objective for the company. Raymond James Financial reissued an "outperform" rating and issued a $38.00 price objective (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $42.33.

Solaris Energy Infrastructure Stock Down 2.0%

NASDAQ:SEI traded down $0.67 on Thursday, reaching $32.59. The stock had a trading volume of 340,754 shares, compared to its average volume of 1,491,930. 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 company has a 50-day moving average of $29.35 and a 200 day moving average of $26.23. The stock has a market cap of $2.20 billion, a P/E ratio of 73.99 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.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 dividend on an annualized basis and a yield of 1.47%. Solaris Energy Infrastructure's payout ratio is currently 81.36%.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director Aj Teague acquired 1,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of $26.77 per share, with a total value of $26,770.00. Following the transaction, the director directly owned 98,459 shares in the company, valued at approximately $2,635,747.43. This represents a 1.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William A. Zartler acquired 10,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were bought at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the acquisition, the chief executive officer owned 1,039,227 shares in the company, valued at $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.20% of the company's stock.

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.