73,463 Shares in Solaris Energy Infrastructure, Inc. $SEI Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in Solaris Energy Infrastructure, purchasing 73,463 shares valued at approximately $1.6 million during the 1st quarter.
• Analysts have given Solaris Energy Infrastructure an average rating of Buy, with a consensus target price of $43.67.
• The company announced a quarterly dividend of $0.12 per share, which will be paid to shareholders of record on September 16th.

Nuveen LLC purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 73,463 shares of the company's stock, valued at approximately $1,599,000. Nuveen LLC owned 0.11% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SEI. Wayfinding Financial LLC purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $38,000. Nisa Investment Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $41,000. Riverview Trust Co acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $47,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SEI. Wall Street Zen raised shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Citigroup began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Raymond James Financial reaffirmed an "outperform" rating and issued a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Finally, Piper Sandler decreased their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. 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.com, Solaris Energy Infrastructure has a consensus rating of "Buy" and an average target price of $43.67.

Insider Activity at Solaris Energy Infrastructure

In related 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 value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher M. Powell sold 12,750 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the completion of the sale, the insider directly owned 130,615 shares of the company's stock, valued at $3,918,450. The trade was a 8.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.20% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Trading Down 1.6%

Solaris Energy Infrastructure stock traded down $0.43 during trading on Thursday, hitting $26.55. The company had a trading volume of 2,167,801 shares, compared to its average volume of 1,689,956. Solaris Energy Infrastructure, Inc. has a 1-year low of $10.96 and a 1-year 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's 50 day simple moving average is $30.17 and its 200-day simple moving average is $26.34. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 45.00 and a beta of 1.15.

Solaris Energy Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is 81.36%.

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.