Encompass Capital Advisors LLC Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Encompass Capital Advisors LLC has acquired a new stake in Solaris Energy Infrastructure, Inc. totaling 3,628,977 shares, valued at approximately $78.97 million, making it the 7th largest position in their investment portfolio.
• Solaris Energy Infrastructure has announced a quarterly dividend of $0.12 per share, which is set to be paid on September 26th, with a dividend yield of 1.8%.
• Several hedge funds have also invested in Solaris Energy Infrastructure recently, with institutional investors owning around 67.44% of the company's stock as of the latest filings.

Encompass Capital Advisors LLC bought a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,628,977 shares of the company's stock, valued at approximately $78,967,000. Solaris Energy Infrastructure accounts for approximately 3.0% of Encompass Capital Advisors LLC's holdings, making the stock its 7th largest position. Encompass Capital Advisors LLC owned 5.41% of Solaris Energy Infrastructure as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Driehaus Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $44,073,000. Vanguard Group Inc. acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $35,060,000. Westwood Holdings Group Inc. acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $29,298,000. Brightline Capital Management LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $24,306,000. Finally, Wellington Management Group LLP acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $21,599,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Edgar R. Jr. Giesinger sold 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.86, for a total value of $288,600.00. Following the transaction, the director 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher M. Powell sold 12,750 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total value of $382,500.00. Following the completion of the transaction, the insider directly owned 130,615 shares in the company, valued at $3,918,450. This represents a 8.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler lowered their price target on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a report on Monday, August 4th. Vertical Research assumed coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target on the stock. Stifel Nicolaus reissued a "buy" rating and set a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Trading Down 1.9%

SEI traded down $0.51 during trading on Monday, reaching $25.94. The company had a trading volume of 1,763,811 shares, compared to its average volume of 1,542,208. The firm's 50-day simple moving average is $30.12 and its 200 day simple moving average is $26.27. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 43.97 and a beta of 1.15. Solaris Energy Infrastructure, Inc. has a 12-month low of $10.96 and a 12-month high of $39.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 yield of 1.9%. 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.