Uniplan Investment Counsel Inc. Purchases Shares of 213,742 Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Uniplan Investment Counsel Inc. has acquired a new stake in Solaris Energy Infrastructure with 213,742 shares valued at approximately $4.65 million, bringing their ownership to 0.32% of the company.
• Solaris Energy Infrastructure has drawn significant institutional interest, with hedge funds like Encompass Capital Advisors LLC investing $78.97 million in the first quarter.
• A quarterly dividend of $0.12 per share has been announced, set to be paid on September 26th, representing an annualized yield of 1.8% and a payout ratio of 81.36%.

Uniplan Investment Counsel Inc. bought a new stake in Solaris Energy Infrastructure, Inc. (NYSE: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 213,742 shares of the company's stock, valued at approximately $4,651,000. Uniplan Investment Counsel Inc. owned 0.32% of Solaris Energy Infrastructure at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wayfinding Financial LLC acquired a new position in Solaris Energy Infrastructure in the first quarter valued at about $29,000. US Bancorp DE acquired a new position in Solaris Energy Infrastructure in the first quarter valued at about $38,000. California State Teachers Retirement System acquired a new position in Solaris Energy Infrastructure in the fourth quarter valued at about $52,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure in the first quarter valued at about $41,000. Finally, Riverview Trust Co acquired a new position in Solaris Energy Infrastructure in the first quarter valued at about $47,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, CEO William A. Zartler acquired 10,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $24.83 per share, with a total value of $248,300.00. Following the completion of the transaction, the chief executive officer directly owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. This represents a 0.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kyle S. Ramachandran bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the chief financial officer directly owned 370,338 shares in the company, valued at $9,258,450. The trade was a 0.54% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Raymond James Financial reissued an "outperform" rating and issued a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Piper Sandler decreased their target price on 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. Stifel Nicolaus reaffirmed a "buy" rating and set a $45.00 price objective (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Wall Street Zen upgraded Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Citigroup began coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $43.67.

Solaris Energy Infrastructure Stock Performance

Shares of SEI traded up $0.79 during midday trading on Friday, reaching $31.09. The stock had a trading volume of 1,105,112 shares, compared to its average volume of 1,565,506. The firm has a market cap of $2.10 billion, a PE ratio of 52.70 and a beta of 1.15. The firm has a 50 day simple moving average of $29.90 and a 200-day simple moving average of $26.18. Solaris Energy Infrastructure, Inc. has a one year low of $11.42 and a one 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.

Solaris Energy Infrastructure Dividend Announcement

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

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.