77,599 Shares in Solaris Energy Infrastructure, Inc. $SEI Bought by Invesco Ltd.

Key Points

• Invesco Ltd. invested approximately $1.69 million in Solaris Energy Infrastructure, acquiring 77,599 shares, which represents about 0.12% of the company.
• Several other institutional investors also increased their stakes in Solaris, with 67.44% of the stock now owned by such investors.
• The company recently announced a quarterly dividend of $0.12 per share, implying an annualized dividend yield of 1.5%.

Invesco Ltd. acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 77,599 shares of the company's stock, valued at approximately $1,689,000. Invesco Ltd. owned approximately 0.12% of Solaris Energy Infrastructure at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SEI. Vanguard Group Inc. bought a new stake in Solaris Energy Infrastructure during the first quarter valued at approximately $35,060,000. Westwood Holdings Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $29,298,000. Emerald Advisers LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $15,188,000. Royce & Associates LP purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $11,190,000. Finally, GW&K Investment Management LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $9,437,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Insider Activity

In other news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were 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 $2,624,990.16. This represents a 9.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher M. Powell sold 12,750 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total transaction of $382,500.00. Following the completion of 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 position. The disclosure for this sale can be found here. 21.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on SEI shares. Barclays boosted their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Piper Sandler reduced their target price 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. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $43.67.

Solaris Energy Infrastructure Stock Performance

SEI traded down $0.11 during midday trading on Thursday, hitting $26.87. 879,086 shares of the company traded hands, compared to its average volume of 1,531,106. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $1.82 billion, a PE ratio of 45.54 and a beta of 1.15. The company's 50-day moving average is $30.21 and its 200 day moving average is $26.35. Solaris Energy Infrastructure, Inc. has a 52 week low of $10.96 and a 52 week high of $39.03.

Solaris Energy Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.8%. Solaris Energy Infrastructure's dividend payout ratio 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.