Solaris Energy Infrastructure, Inc. $SEI Stock Acquired by Penn Capital Management Company LLC

Key Points

• Penn Capital increased its Solaris Energy Infrastructure stake by 41.7% in Q3, adding 93,514 shares to reach 317,999 shares, valued at about $22.7 million.
• Solaris reported Q3 EPS of $0.45, beating the $0.22 consensus, on revenue of $341.09 million.
• Analysts’ consensus rating is Buy, with an average price target of $98.69. Solaris also announced a quarterly dividend of $0.12 per share, equivalent to a 0.8% yield.

Penn Capital Management Company LLC lifted its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 41.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,999 shares of the company's stock after acquiring an additional 93,514 shares during the period. Solaris Energy Infrastructure makes up about 1.6% of Penn Capital Management Company LLC's holdings, making the stock its 7th largest holding. Penn Capital Management Company LLC owned 0.42% of Solaris Energy Infrastructure worth $22,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $44,000. Parallel Advisors LLC increased its holdings in Solaris Energy Infrastructure by 590.9% during the 3rd quarter. Parallel Advisors LLC now owns 684 shares of the company's stock worth $49,000 after acquiring an additional 585 shares during the period. West Branch Capital LLC purchased a new stake in Solaris Energy Infrastructure in the 3rd quarter worth approximately $71,000. C M Bidwell & Associates Ltd. purchased a new stake in Solaris Energy Infrastructure in the 2nd quarter worth approximately $84,000. Finally, GK Wealth Management LLC purchased a new stake in Solaris Energy Infrastructure in the 3rd quarter worth approximately $79,000. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Stock Up 8.3%

SEI opened at $62.59 on Tuesday. The stock has a market cap of $4.79 billion, a PE ratio of 65.19 and a beta of 1.40. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure, Inc. has a 52 week low of $38.50 and a 52 week high of $86.19. The business's fifty day simple moving average is $65.95 and its 200 day simple moving average is $63.39.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.23. The business had revenue of $341.09 million for the quarter. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 14.56%. As a group, research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.37 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Tuesday, December 8th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Solaris Energy Infrastructure's payout ratio is currently 50.00%.

Solaris Energy Infrastructure News Summary

Here are the key news stories impacting Solaris Energy Infrastructure this week:

• Positive Sentiment: Citigroup raised its price target to $104 from $100 and reiterated a “buy” rating, signaling increased confidence in SEI’s prospects. Citigroup raises price target
• Positive Sentiment: Piper Sandler lifted its target to $85 from $82 and assigned an “overweight” rating, adding to the positive analyst outlook. Piper Sandler raises price target
• Positive Sentiment: SEI reported third-quarter EPS of $0.45, above the $0.22 consensus estimate, with revenue of $341.09 million. The earnings beat may bolster confidence in operating performance. Q3 earnings metrics
• Positive Sentiment: Solaris was among several energy-related companies whose shares rallied, suggesting broader sector strength may also have helped sentiment. The article does not specify the rally’s underlying catalyst. Energy shares rally
• Neutral Sentiment: Barclays was reported to expect SEI’s stock to rise, but the available headline does not provide its target or rationale. Barclays outlook
• Negative Sentiment: Wells Fargo cut its price target, a less favorable signal that tempers the recent bullish analyst revisions; the report provided here does not state the new target. Wells Fargo cuts target

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SEI shares. Barclays increased their price objective on Solaris Energy Infrastructure from $116.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday. Raymond James Financial raised Solaris Energy Infrastructure from a "moderate buy" rating to a "strong-buy" rating and set a $113.00 price objective for the company in a research note on Friday. Needham & Company LLC restated a "buy" rating and set a $104.00 target price on shares of Solaris Energy Infrastructure in a research report on Friday, October 30th. Stifel Nicolaus upped their target price on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a "buy" rating in a research note on Thursday, September 24th. Finally, Northland Securities set a $111.00 target price on Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of "Buy" and a consensus target price of $98.69.

Insider Activity at Solaris Energy Infrastructure

In related news, Director A. Teague bought 3,900 shares of the stock in a transaction dated Tuesday, September 8th. The stock was bought at an average price of $64.21 per share, with a total value of $250,419.00. Following the purchase, the director owned 116,865 shares in the company, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 20.23% of the company's stock.

Solaris Energy Infrastructure Profile

Solaris Energy Infrastructure, Inc provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells.

The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S.

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