Wealth Enhancement Advisory Services LLC Invests $200,000 in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Wealth Enhancement Advisory Services LLC has invested approximately $200,000 in Solaris Energy Infrastructure, purchasing 7,080 shares during the 2nd quarter.
• Solaris Energy Infrastructure recently disclosed a quarterly dividend of $0.12 per share, resulting in an annualized dividend yield of 1.1%.
• Analysts have set various price targets for the stock, with a consensus target price of $44.89 and ratings ranging from "Strong Buy" to "Hold."

Wealth Enhancement Advisory Services LLC bought a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,080 shares of the company's stock, valued at approximately $200,000.

Several other institutional investors have also made changes to their positions in SEI. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth approximately $28,000. Wayfinding Financial LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at $29,000. US Bancorp DE acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at $38,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $135,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SEI has been the topic of several analyst reports. Wall Street Zen raised shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Northland Securities set a $61.00 target price on shares of Solaris Energy Infrastructure in a research report on Thursday. Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Raymond James Financial reiterated an "outperform" rating and issued a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Finally, Piper Sandler lowered 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $44.89.

Solaris Energy Infrastructure Stock Down 5.7%

SEI stock opened at $44.97 on Friday. The company has a market cap of $3.04 billion, a PE ratio of 76.22 and a beta of 1.12. The business has a 50-day simple moving average of $33.65 and a 200 day simple moving average of $28.26. Solaris Energy Infrastructure, Inc. has a 52 week low of $12.78 and a 52 week high of $50.78. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm 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 anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is currently 81.36%.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, insider Christopher M. Powell sold 12,750 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,918,450. The trade was a 8.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.86, for a total value of $288,600.00. Following the completion of the transaction, the director directly owned 90,956 shares in the company, valued at approximately $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.20% of the stock is currently owned by company 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.

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