Phoenix Financial Ltd. Lowers Stock Holdings in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Phoenix Financial Ltd. has reduced its stake in Solaris Energy Infrastructure, Inc. by 17.4%, selling 6,968 shares, which brings its total holdings to 33,039 shares valued at approximately $939,000.
• Solaris Energy Infrastructure has announced a quarterly dividend of $0.12 per share, representing an annualized dividend of $0.48 and a yield of 1.0%.
• The stock of Solaris Energy Infrastructure recently declined by 4.2% and is currently trading at $49.02, with a market capitalization of $3.31 billion.

Phoenix Financial Ltd. decreased its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 17.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,039 shares of the company's stock after selling 6,968 shares during the period. Phoenix Financial Ltd.'s holdings in Solaris Energy Infrastructure were worth $939,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Ballentine Partners LLC raised its position in Solaris Energy Infrastructure by 6.0% during the second quarter. Ballentine Partners LLC now owns 10,210 shares of the company's stock valued at $289,000 after purchasing an additional 575 shares in the last quarter. Congress Asset Management Co. raised its position in Solaris Energy Infrastructure by 0.4% during the second quarter. Congress Asset Management Co. now owns 202,041 shares of the company's stock valued at $5,716,000 after purchasing an additional 786 shares in the last quarter. Strs Ohio purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $28,000. Wayfinding Financial LLC purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $29,000. Finally, US Bancorp DE purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $38,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Stock Down 4.2%

NYSE SEI opened at $49.02 on Wednesday. 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 capitalization of $3.31 billion, a PE ratio of 83.09 and a beta of 1.12. Solaris Energy Infrastructure, Inc. has a 1 year low of $12.78 and a 1 year high of $56.14. The business's 50-day moving average is $36.66 and its 200 day moving average is $29.79.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $75.02 million for the quarter. Solaris Energy Infrastructure had a return on equity of 7.66% and a net margin of 4.99%. Sell-side analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 81.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler lowered their price target on 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. Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Northland Securities set a $61.00 price objective on Solaris Energy Infrastructure in a report on Thursday, October 9th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Solaris Energy Infrastructure in a report on Wednesday, October 8th. Finally, Barclays lifted their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of "Buy" and a consensus price target of $47.56.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, CEO William A. Zartler bought 10,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $26,052,306.41. This trade represents a 0.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kyle S. Ramachandran bought 2,000 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the chief financial officer directly owned 370,338 shares of the company's stock, valued at $9,258,450. The trade was a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.20% of the stock is owned by insiders.

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.

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