Wellington Management Group LLP Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Wellington Management Group LLP invested approximately $21.60 million in Solaris Energy Infrastructure, acquiring about 992,623 shares, which represents roughly 1.48% of the company.
• Solaris Energy Infrastructure recently announced a quarterly dividend of $0.12 per share, yielding 1.7%, with a dividend payout ratio of 81.36%.
• Several analysts have issued ratings for Solaris Energy Infrastructure, with an average rating of "Buy" and a target price of $43.67; notable ratings include a "buy" from Stifel Nicolaus with a target price of $45.00.

Wellington Management Group LLP purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 992,623 shares of the company's stock, valued at approximately $21,599,000. Wellington Management Group LLP owned about 1.48% of Solaris Energy Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SEI. Wayfinding Financial LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth $29,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure during the 1st 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 approximately $52,000. Nisa Investment Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $41,000. Finally, Riverview Trust Co bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $47,000. Institutional investors own 67.44% of the company's stock.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.86, for a total value of $288,600.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.20% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Stock Down 1.3%

SEI traded down $0.39 during trading on Wednesday, hitting $29.47. The stock had a trading volume of 557,969 shares, compared to its average volume of 1,518,911. The stock has a 50 day simple moving average of $29.99 and a two-hundred day simple moving average of $26.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. Solaris Energy Infrastructure, Inc. has a twelve month low of $10.96 and a twelve month high of $39.03. The company has a market capitalization of $1.99 billion, a PE ratio of 66.98 and a beta of 1.14.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is 81.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SEI. Barclays upped their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Raymond James Financial reissued an "outperform" rating and issued a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $43.67.

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.