Keeley Teton Advisors LLC Invests $1.40 Million in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Keeley Teton Advisors LLC has made a new investment of approximately $1.40 million in Solaris Energy Infrastructure, acquiring 64,253 shares of the company.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, reflecting a dividend yield of 1.6% and a payout ratio of 81.36%.
• Analysts have mixed views on Solaris Energy, with targets ranging from $38.00 to $51.00, and a consensus "Buy" rating based on overall market performance.

Keeley Teton Advisors LLC bought a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 64,253 shares of the company's stock, valued at approximately $1,398,000. Keeley Teton Advisors LLC owned 0.10% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $264,000. GW&K Investment Management LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $9,437,000. Informed Momentum Co LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $2,458,000. Acuitas Investments LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $3,728,000. Finally, Emerald Advisers LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $15,188,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Christopher M. Powell sold 12,750 shares of Solaris Energy Infrastructure stock in a transaction 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 sale, the insider owned 130,615 shares of the company's stock, valued at approximately $3,918,450. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of Solaris Energy Infrastructure stock in a transaction 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 sale, the director directly owned 90,956 shares of the company's stock, valued at approximately $2,624,990.16. The trade was a 9.91% decrease in their position. The disclosure for this sale can be found here. 21.20% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Stock Up 0.1%

Shares of Solaris Energy Infrastructure stock traded up $0.03 during midday trading on Friday, hitting $31.75. The company's stock had a trading volume of 1,657,656 shares, compared to its average volume of 1,720,443. The firm has a market capitalization of $2.15 billion, a P/E ratio of 53.81 and a beta of 1.14. The stock has a 50-day simple moving average of $30.11 and a 200-day simple moving average of $26.30. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be given a dividend of $0.12 per share. 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 1.5%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 81.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SEI shares. Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a research report on Monday, August 4th. Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Raymond James Financial reissued an "outperform" rating and set a $38.00 price objective (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Citigroup initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Vertical Research initiated coverage on Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of "Buy" and an average target price of $43.67.

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.