Credit Agricole S A Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Credit Agricole S A acquired 88,939 shares of Solaris Energy Infrastructure, valued at approximately $1,935,000, becoming a new institutional investor in the company during the first quarter.
• Analysts have set an average price target of $43.67 for Solaris Energy Infrastructure, with several brokerages assigning an "overweight" rating to the stock.
• Solaris Energy Infrastructure declared a quarterly dividend of $0.12 per share, with an annualized yield of 1.7% and a dividend payout ratio of 81.36%.

Credit Agricole S A acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,939 shares of the company's stock, valued at approximately $1,935,000. Credit Agricole S A owned approximately 0.13% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $35,060,000. Westwood Holdings Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $29,298,000. Wellington Management Group LLP acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $21,599,000. Emerald Advisers LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $15,188,000. Finally, Royce & Associates LP acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $11,190,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SEI. Barclays increased their target price 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, July 28th. Piper Sandler dropped their target price on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday. Northland Securities set a $50.00 target price on Solaris Energy Infrastructure in a report on Monday, August 4th. Raymond James Financial restated an "outperform" rating and set a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Finally, Citigroup started coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Price Performance

Shares of SEI stock opened at $28.6890 on Friday. The stock's fifty day moving average is $29.97 and its 200-day moving average is $26.18. The stock has a market capitalization of $1.94 billion, a PE ratio of 65.20 and a beta of 1.14. 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 quick ratio of 3.40 and a current ratio of 3.61.

Solaris Energy Infrastructure Dividend Announcement

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 $0.12 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.7%. Solaris Energy Infrastructure's dividend payout ratio (DPR) 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.

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