17,928 Shares in Solaris Energy Infrastructure, Inc. $SEI Bought by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC has acquired a new stake in Solaris Energy Infrastructure, purchasing 17,928 shares valued at approximately $390,000 during the first quarter.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12, with an ex-dividend date of September 16th, representing an annual yield of 1.9%.
• Recent analyst reports have upgraded Solaris Energy Infrastructure, with Barclays raising its target price from $39.00 to $44.00 and an overall "Buy" rating being assigned by ten analysts.

MetLife Investment Management LLC acquired a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,928 shares of the company's stock, valued at approximately $390,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $29,000. US Bancorp DE purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $38,000. Nisa Investment Advisors LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $41,000. Riverview Trust Co purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $47,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure during the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Insiders Place Their Bets

In other news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business'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 completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William A. Zartler acquired 10,000 shares of the stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost of $24.83 per share, with a total value of $248,300.00. Following the completion of the purchase, the chief executive officer directly owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. This trade represents a 0.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SEI. Barclays lifted their price target 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. Stifel Nicolaus reiterated a "buy" rating and set a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Piper Sandler reduced 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. Finally, Raymond James Financial restated an "outperform" rating and set a $38.00 price objective (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 assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $43.67.

Solaris Energy Infrastructure Trading Up 2.1%

SEI traded up $0.64 during trading on Friday, hitting $30.94. The company's stock had a trading volume of 1,419,660 shares, compared to its average volume of 1,567,331. The firm's 50 day moving average price is $29.90 and its 200-day moving average price is $26.18. 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 stock has a market cap of $2.09 billion, a PE ratio of 52.44 and a beta of 1.15. Solaris Energy Infrastructure, Inc. has a twelve month low of $11.42 and a twelve month high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.6%. Solaris Energy Infrastructure's payout ratio 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.