T. Rowe Price Investment Management Inc. Invests $8.26 Million in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• T. Rowe Price Investment Management Inc. has made an $8.26 million investment in Solaris Energy Infrastructure, acquiring 379,399 shares of stock, representing about 0.57% ownership.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, translating to a 1.7% yield with a dividend payout ratio of 81.36%.
• Research analysts have varied ratings on the stock, with two rating it as a Strong Buy and an average price target of $43.67, despite some downgrades recently.

T. Rowe Price Investment Management Inc. purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 379,399 shares of the company's stock, valued at approximately $8,256,000. T. Rowe Price Investment Management Inc. owned approximately 0.57% of Solaris Energy Infrastructure as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $264,000. GW&K Investment Management LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $9,437,000. Informed Momentum Co LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $2,458,000. Acuitas Investments LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $3,728,000. Finally, Emerald Advisers LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $15,188,000. Institutional investors own 67.44% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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. Raymond James Financial reaffirmed an "outperform" rating and set a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Piper Sandler decreased their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, August 4th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. 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 an average rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Stock Up 6.9%

NYSE:SEI traded up $2.03 during trading hours on Thursday, reaching $31.66. The company's stock had a trading volume of 1,939,358 shares, compared to its average volume of 1,526,461. The company has a market capitalization of $2.14 billion, a P/E ratio of 53.66 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The stock has a 50 day moving average price of $30.00 and a two-hundred day moving average price of $26.25.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. Solaris Energy Infrastructure's payout ratio is 81.36%.

Insider Buying and Selling

In other news, 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 transaction of $288,600.00. Following the transaction, the director directly owned 90,956 shares of the company's stock, valued at approximately $2,624,990.16. This represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher M. Powell sold 12,750 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total value of $382,500.00. Following the transaction, the insider directly owned 130,615 shares in the company, valued at approximately $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. Insiders own 21.20% of the company's stock.

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.