Encompass Capital Advisors LLC Invests $78.97 Million 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 acquired a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,628,977 shares of the company's stock, valued at approximately $78,967,000. Solaris Energy Infrastructure makes up about 3.0% of Encompass Capital Advisors LLC's investment portfolio, making the stock its 7th biggest holding. Encompass Capital Advisors LLC owned approximately 5.41% of Solaris Energy Infrastructure as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC acquired a new stake in Solaris Energy Infrastructure during the first quarter valued at $264,000. GW&K Investment Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $9,437,000. Informed Momentum Co LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $2,458,000. Acuitas Investments LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth about $3,728,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $1,695,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Analyst Upgrades and Downgrades

SEI has been the subject of a number of recent analyst reports. Piper Sandler decreased 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 report on Wednesday, August 20th. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Barclays boosted their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Raymond James Financial restated an "outperform" rating and set a $38.00 price objective (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure currently has a consensus rating of "Buy" and a consensus price target of $43.67.

Insiders Place Their Bets

In related news, insider Christopher M. Powell sold 12,750 shares of the firm's 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 transaction, the insider owned 130,615 shares in the company, valued at $3,918,450. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the firm's 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 in the company, 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. Company insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE SEI traded down $1.00 during trading hours on Tuesday, reaching $24.95. The stock had a trading volume of 970,632 shares, compared to its average volume of 1,537,888. The business's fifty day moving average is $30.06 and its two-hundred day moving average is $26.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.11 and a quick ratio of 2.98. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 42.29 and a beta of 1.15. Solaris Energy Infrastructure, Inc. has a twelve month low of $10.96 and a twelve month high of $39.03.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced 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 is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.9%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 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.