MetLife Investment Management LLC Invests $390,000 in Solaris Energy Infrastructure, Inc. $SEI

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

Several other large investors have also recently made changes to their positions in the stock. Wayfinding Financial LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter worth $29,000. US Bancorp DE acquired a new position in Solaris Energy Infrastructure in the 1st quarter worth about $38,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter worth about $41,000. Riverview Trust Co acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $47,000. Finally, California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure during the fourth quarter valued at approximately $52,000. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Price Performance

Shares of NYSE:SEI traded up $0.79 during trading on Friday, hitting $31.09. 2,259,983 shares of the stock were exchanged, compared to its average volume of 1,750,440. Solaris Energy Infrastructure, Inc. has a 12-month low of $11.42 and a 12-month high of $39.03. The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $29.87 and a two-hundred day moving average price of $26.13. The company has a market cap of $2.10 billion, a PE ratio of 52.70 and a beta of 1.15.

Solaris Energy Infrastructure Announces Dividend

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 1.5%. Solaris Energy Infrastructure's payout ratio is 81.36%.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the acquisition, the chief executive officer owned 1,049,227 shares of the company's stock, valued at approximately $26,052,306.41. The trade was a 0.96% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.86, for a total value of $288,600.00. Following the sale, the director 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SEI. Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a research report on Monday, August 4th. Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Citigroup assumed coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, Raymond James Financial reiterated an "outperform" rating and set a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat, Solaris Energy Infrastructure has an average rating of "Buy" and a consensus price target of $43.67.

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.