XTX Topco Ltd Purchases New Stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)

Key Points

• XTX Topco Ltd made a new investment in Solaris Energy Infrastructure, Inc. valued at approximately $1.12 million, acquiring over 51,000 shares during the first quarter.
• Analysts have given Solaris Energy Infrastructure a mix of ratings; while one report downgraded it to a "sell", multiple others have assigned "buy" and "strong-buy" ratings, indicating a consensus target price of $42.33.
• Solaris Energy recently declared a quarterly dividend of $0.12 per share, set to be paid on September 26th, reflecting an annual yield of 1.6%.

XTX Topco Ltd bought a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 51,367 shares of the company's stock, valued at approximately $1,118,000. XTX Topco Ltd owned approximately 0.08% of Solaris Energy Infrastructure at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SEI. Wayfinding Financial LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $29,000. Nisa Investment Advisors LLC purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $41,000. Riverview Trust Co purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $47,000. California State Teachers Retirement System purchased a new position in shares of Solaris Energy Infrastructure in the 4th quarter valued at approximately $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $135,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on SEI. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Northland Securities set a $50.00 price objective on Solaris Energy Infrastructure in a research report on Monday. Finally, Piper Sandler boosted their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of "Buy" and an average target price of $43.78.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director Aj Teague purchased 1,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the acquisition, the director directly owned 98,459 shares of the company's stock, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William A. Zartler acquired 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average price of $21.78 per share, with a total value of $217,800.00. Following the acquisition, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Trading Up 3.1%

Shares of Solaris Energy Infrastructure stock traded up $0.95 on Wednesday, hitting $31.67. 1,472,295 shares of the company's stock traded hands, compared to its average volume of 1,504,252. Solaris Energy Infrastructure, Inc. has a one year low of $10.96 and a one year high of $39.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The stock has a market capitalization of $2.14 billion, a PE ratio of 71.97 and a beta of 1.14. The firm's 50-day moving average price is $29.69 and its two-hundred day moving average price is $26.21.

Solaris Energy Infrastructure Announces Dividend

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

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.