Charles Schwab Investment Management Inc. Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Charles Schwab Investment Management Inc. has acquired a new stake in Solaris Energy Infrastructure, Inc. worth approximately $1,968,000, adding to the growing interest from institutional investors in the company.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, which amounts to an annualized dividend yield of 1.5%, with a payout ratio currently at 81.36%.
• Analyst ratings for Solaris Energy Infrastructure appear positive, with a consensus "Buy" rating and an average price target of $43.67, following coverage initiations and adjustments from various financial institutions.

Charles Schwab Investment Management Inc. acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 90,429 shares of the company's stock, valued at approximately $1,968,000. Charles Schwab Investment Management Inc. owned 0.13% of Solaris Energy Infrastructure as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $29,000. US Bancorp DE purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $38,000. California State Teachers Retirement System purchased a new stake in shares of Solaris Energy Infrastructure during the fourth quarter valued at approximately $52,000. Nisa Investment Advisors LLC purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $41,000. Finally, Riverview Trust Co purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Piper Sandler dropped their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price target for the company. Finally, Barclays lifted their price target on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $43.67.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, insider Christopher M. Powell sold 12,750 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the completion of the transaction, the insider owned 130,615 shares of the company's stock, valued at approximately $3,918,450. The trade was a 8.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the transaction, the director directly owned 90,956 shares of the company's stock, valued at approximately $2,624,990.16. This trade represents a 9.91% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Performance

Shares of SEI traded down $0.11 during midday trading on Thursday, hitting $26.87. 879,086 shares of the stock traded hands, compared to its average volume of 1,531,106. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03. The firm has a market capitalization of $1.82 billion, a PE ratio of 45.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The business's 50 day moving average price is $30.21 and its two-hundred day moving average price is $26.35.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. Solaris Energy Infrastructure's payout ratio is 81.36%.

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.