William A. Zartler Acquires 10,000 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Key Points

• CEO William Zartler purchased 10,000 shares of Solaris Energy Infrastructure at an average price of $24.83, increasing his total ownership to 1,049,227 shares valued at over $26 million.
• Solaris Energy Infrastructure announced a quarterly dividend of $0.12 per share, with a yield of 1.9%, scheduled for payment on September 26th.
• The stock was recently rated with a consensus of "Buy" by analysts, with a price target of $43.67, following various upgrades and downgrades from research firms.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) CEO William A. Zartler purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of $24.83 per share, with a total value of $248,300.00. Following the completion of the acquisition, the chief executive officer owned 1,049,227 shares in the company, valued at $26,052,306.41. This represents a 0.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Solaris Energy Infrastructure Stock Up 2.6%

NYSE SEI traded up $0.79 during trading hours on Friday, hitting $31.09. The company had a trading volume of 2,259,983 shares, compared to its average volume of 1,750,440. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $11.42 and a fifty-two week high of $39.03. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 52.70 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.11 and a quick ratio of 2.98. The firm's 50 day moving average is $29.87 and its 200 day moving average is $26.09.

Solaris Energy Infrastructure Dividend Announcement

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

Analyst Ratings Changes

SEI has been the subject of several recent research reports. Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a report on Monday, August 4th. Barclays increased their price target on 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 reiterated a "buy" rating and issued a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Piper Sandler cut their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $38.00 price objective (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $43.67.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $78,967,000. Driehaus Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $44,073,000. Vanguard Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $35,060,000. Westwood Holdings Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $29,298,000. Finally, Millennium Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $24,335,000. Institutional investors and hedge funds own 67.44% of the company's stock.

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.