Empowered Funds LLC Invests $4.32 Million in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Empowered Funds LLC acquired 198,627 shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) valued at approximately $4.3 million, with the firm owning about 0.30% of the company post-purchase.
• Insiders, including CFO Kyle S. Ramachandran and CEO William A. Zartler, have recently increased their ownership in the company, indicating confidence in its future performance.
• Analysts have a predominantly positive outlook on Solaris Energy Infrastructure, with a consensus rating of "Buy" and an average target price of $43.67, reflecting optimism for the company's prospects.

Empowered Funds LLC acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 198,627 shares of the company's stock, valued at approximately $4,322,000. Empowered Funds LLC owned 0.30% of Solaris Energy Infrastructure as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Northland Securities set a $50.00 price objective on shares of Solaris Energy Infrastructure in a research note on Monday, August 4th. Stifel Nicolaus reissued a "buy" rating and set a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and issued a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Piper Sandler dropped their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Finally, Citigroup started coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $43.67.

Insider Activity

In other 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 value of $382,500.00. Following the completion of the sale, the insider directly owned 130,615 shares of the company's stock, valued at $3,918,450. This represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the firm'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 $2,624,990.16. The trade was 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.

Solaris Energy Infrastructure Stock Performance

SEI stock traded up $2.63 during midday trading on Thursday, reaching $35.89. 1,383,508 shares of the company's stock traded hands, compared to its average volume of 1,601,143. Solaris Energy Infrastructure, Inc. has a 52-week low of $12.48 and a 52-week high of $39.03. The stock has a market cap of $2.43 billion, a P/E ratio of 60.83 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. The stock's 50-day moving average is $29.92 and its 200 day moving average is $26.16.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be paid 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 dividend yield of 1.3%. Solaris Energy Infrastructure's dividend payout ratio is 81.36%.

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.