Solaris Energy Infrastructure (NYSE:SEI) Director Aj Teague Acquires 170 Shares of Company Stock

Key Points

• Director A. Teague bought 170 shares at $59.50 each, spending $10,115; the purchase increased his stake by 0.15% to 117,385 shares.
• Solaris reported quarterly earnings of $0.45 per share, beating the $0.22 consensus estimate, on revenue of $341.09 million.
• Analyst sentiment was broadly positive: the stock had a consensus “Buy” rating and an average price target of $100.38; the company also declared a quarterly dividend of $0.12 per share.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) Director A. Teague acquired 170 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, November 10th. The shares were purchased at an average cost of $59.50 per share, with a total value of $10,115.00. Following the completion of the acquisition, the director owned 117,385 shares of the company's stock, valued at $6,984,407.50. This trade represents a 0.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Aj Teague also recently made the following trade(s):

• On Wednesday, November 11th, A. Teague bought 150 shares of Solaris Energy Infrastructure stock. The stock was purchased at an average cost of $65.81 per share, with a total value of $9,871.50.
• On Monday, November 9th, A. Teague bought 350 shares of Solaris Energy Infrastructure stock. The stock was purchased at an average price of $59.23 per share, for a total transaction of $20,730.50.
• On Tuesday, September 8th, A. Teague bought 3,900 shares of Solaris Energy Infrastructure stock. The stock was purchased at an average price of $64.21 per share, for a total transaction of $250,419.00.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE SEI traded down $0.34 during trading on Thursday, reaching $64.46. 1,436,577 shares of the stock traded hands, compared to its average volume of 2,813,318. Solaris Energy Infrastructure, Inc. has a 52-week low of $38.50 and a 52-week high of $86.19. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.10 and a quick ratio of 4.03. The company has a 50-day moving average of $66.47 and a 200-day moving average of $63.47. The stock has a market capitalization of $4.94 billion, a P/E ratio of 67.15 and a beta of 1.40.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.23. Solaris Energy Infrastructure had a return on equity of 12.82% and a net margin of 7.99%. The company had revenue of $341.09 million during the quarter. Analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.37 EPS for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Tuesday, December 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $0.48 annualized dividend and a yield of 0.7%. Solaris Energy Infrastructure's dividend payout ratio is 50.00%.

Institutional Trading of Solaris Energy Infrastructure

A number of institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its stake in Solaris Energy Infrastructure by 215.1% in the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company's stock worth $66,667,000 after purchasing an additional 805,319 shares during the period. Two Seas Capital LP purchased a new position in Solaris Energy Infrastructure during the 3rd quarter valued at about $56,007,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in shares of Solaris Energy Infrastructure by 146.2% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,029,000 shares of the company's stock valued at $73,244,000 after buying an additional 611,000 shares during the period. Ranger Investment Management L.P. bought a new stake in shares of Solaris Energy Infrastructure during the second quarter valued at about $46,967,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Solaris Energy Infrastructure during the second quarter valued at about $30,881,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SEI. Weiss Ratings reissued a "hold (c)" rating on shares of Solaris Energy Infrastructure in a research report on Wednesday, November 4th. Barclays upped their price target on shares of Solaris Energy Infrastructure from $116.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, November 6th. The Goldman Sachs Group set a $113.00 price objective on shares of Solaris Energy Infrastructure in a research note on Friday, November 6th. Raymond James Financial upgraded shares of Solaris Energy Infrastructure from a "moderate buy" rating to a "strong-buy" rating and set a $113.00 price objective for the company in a research note on Friday, November 6th. Finally, Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the company a "buy" rating in a report on Thursday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of "Buy" and a consensus price target of $100.38.

Top Solaris Energy Infrastructure Stories

Here are a few of the latest stories about SEI:

• Positive Sentiment: Needham raised its price target to $126 from $104 and reiterated a Buy rating. That target is well above the roughly $64 share price cited in the report. Needham analyst information
• Positive Sentiment: Other recent coverage also reflects optimism: one report put SEI’s average analyst price target at $100.38, while another described analysts as bullish and reported a Citigroup target increase. These targets may support sentiment, although they are forecasts rather than guarantees. Average price target report Citigroup price target report Analyst outlook article
• Positive Sentiment: Director A. Teague disclosed three purchases totaling 670 shares across Nov. 9–11, worth about $40,700. Insider buying can signal confidence, though the purchases are small relative to the company and do not establish future performance. SEC Form 4 filing

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc. provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells. The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S. shale basins, while its power solutions serve customers seeking scalable power generation.

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