284,910 Shares in Solaris Energy Infrastructure, Inc. $SEI Bought by Channing Capital Management LLC

Key Points

• Channing Capital Management LLC has acquired a new position in Solaris Energy Infrastructure, purchasing 284,910 shares valued at approximately $6.2 million, representing about 0.42% of the company.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, translating to an annualized yield of 1.8% with a payout ratio of 81.36%.
• The stock has shown significant price variability, with a 1-year low of $10.96 and a high of $39.03, and currently has a market cap of $1.83 billion.

Channing Capital Management LLC bought a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 284,910 shares of the company's stock, valued at approximately $6,200,000. Channing Capital Management LLC owned approximately 0.42% of Solaris Energy Infrastructure as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $29,000. US Bancorp DE purchased a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $38,000. California State Teachers Retirement System purchased a new position in Solaris Energy Infrastructure in the fourth quarter valued at approximately $52,000. Nisa Investment Advisors LLC purchased a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $41,000. Finally, Riverview Trust Co purchased a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $47,000. 67.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SEI has been the topic of several research analyst reports. Piper Sandler dropped their price objective on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday. Northland Securities set a $50.00 price objective on Solaris Energy Infrastructure in a research note on Monday, August 4th. Barclays upped their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Vertical Research initiated coverage on Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, Solaris Energy Infrastructure currently has an average rating of "Buy" and a consensus price target of $43.67.

Solaris Energy Infrastructure Stock Performance

Shares of NASDAQ:SEI traded up $0.6090 during trading on Friday, hitting $28.6890. 1,324,755 shares of the company were exchanged, compared to its average volume of 1,528,035. The company has a market cap of $1.94 billion, a PE ratio of 65.20 and a beta of 1.14. The stock has a 50 day moving average of $29.97 and a 200 day moving average of $26.18. Solaris Energy Infrastructure, Inc. has a 52-week low of $10.96 and a 52-week high of $39.03. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. Solaris Energy Infrastructure's dividend payout ratio is currently 81.36%.

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.