Retirement Planning Group LLC Acquires Shares of 36,855 Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Retirement Planning Group LLC bought a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,855 shares of the company's stock, valued at approximately $802,000. Retirement Planning Group LLC owned 0.05% of Solaris Energy Infrastructure at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. California State Teachers Retirement System bought a new stake in Solaris Energy Infrastructure in the fourth quarter valued at approximately $52,000. GAMMA Investing LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $435,000. Finally, Rhumbline Advisers bought a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $962,000. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Price Performance

SEI traded down $0.88 on Monday, reaching $29.12. The company had a trading volume of 1,506,736 shares, compared to its average volume of 1,072,556. Solaris Energy Infrastructure, Inc. has a 52-week low of $10.96 and a 52-week high of $39.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 66.19 and a beta of 1.11. The business has a 50 day simple moving average of $22.00 and a 200 day simple moving average of $25.56.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be paid a $0.12 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.65%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 97.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Vertical Research began coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective for the company. Stifel Nicolaus boosted their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Citigroup initiated coverage on Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Piper Sandler lifted their target price on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Janney Montgomery Scott began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price target on the stock. Nine analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $43.00.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler bought 10,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was purchased at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the acquisition, the chief executive officer now owns 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Aj Teague purchased 1,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $26.77 per share, with a total value of $26,770.00. Following the transaction, the director now owns 98,459 shares in the company, valued at $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 16,000 shares of company stock worth $356,870 in the last three months. 21.20% of the stock is owned by insiders.

Solaris Energy Infrastructure 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.