Clough Capital Partners L P Takes $1.31 Million Position in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Clough Capital Partners L P acquired 60,284 shares of Solaris Energy Infrastructure, Inc. in Q1 2023, valued at approximately $1.31 million, representing about 0.09% ownership of the company.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12, with a payout ratio of 81.36%, scheduled for September 26th, which yields approximately 1.5% annually.
• Multiple analysts have recently upgraded Solaris Energy Infrastructure's rating, with a consensus rating of “Buy” and an average price target of $43.67, reflecting positive sentiment in the market.

Clough Capital Partners L P acquired a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 60,284 shares of the company's stock, valued at approximately $1,312,000. Clough Capital Partners L P owned 0.09% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $29,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $38,000. California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at about $52,000. Nisa Investment Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $41,000. Finally, Riverview Trust Co bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $47,000. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock traded down $1.74 during trading hours on Tuesday, hitting $29.85. The company's stock had a trading volume of 1,491,416 shares, compared to its average volume of 1,527,039. The company has a 50 day moving average of $30.19 and a 200 day moving average of $26.32. The stock has a market cap of $2.02 billion, a PE ratio of 50.59 and a beta of 1.15. The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76. 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 declared a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 dividend on an annualized basis and a yield of 1.6%. Solaris Energy Infrastructure's dividend payout ratio is 81.36%.

Analysts Set New Price Targets

Several research firms recently commented on SEI. Piper Sandler reduced their price objective 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. Barclays boosted 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 note on Monday, July 28th. Stifel Nicolaus reiterated a "buy" rating and set a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $43.67.

Insiders Place Their Bets

In related news, insider Christopher M. Powell sold 12,750 shares of the 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 sale, the insider directly owned 130,615 shares of the company's stock, valued at approximately $3,918,450. This represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.86, for a total transaction of $288,600.00. Following the sale, the director directly owned 90,956 shares in the company, valued at $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.