Oregon Public Employees Retirement Fund purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,800 shares of the company’s stock, valued at approximately $1,053,000.
Several other large investors also recently made changes to their positions in the stock. Profund Advisors LLC lifted its holdings in Solaris Energy Infrastructure by 9.4% in the 3rd quarter. Profund Advisors LLC now owns 7,038 shares of the company’s stock worth $501,000 after purchasing an additional 603 shares during the last quarter. ProShare Advisors LLC boosted its position in Solaris Energy Infrastructure by 12.1% during the third quarter. ProShare Advisors LLC now owns 7,833 shares of the company’s stock worth $558,000 after purchasing an additional 847 shares during the period. Brooklands Fund Management Ltd acquired a new position in Solaris Energy Infrastructure during the third quarter valued at approximately $2,881,000. Bosman Wealth Management LLC grew its holdings in Solaris Energy Infrastructure by 18.2% during the third quarter. Bosman Wealth Management LLC now owns 3,882 shares of the company’s stock valued at $276,000 after purchasing an additional 598 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in Solaris Energy Infrastructure during the third quarter valued at approximately $44,000. Institutional investors own 67.44% of the company’s stock.
Insider Buying and Selling
In other Solaris Energy Infrastructure news, Director A. Teague purchased 3,900 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the purchase, the director directly owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. This represents a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.23% of the stock is currently owned by company insiders.
Solaris Energy Infrastructure Trading Up 8.3%
Shares of SEI stock opened at $62.59 on Tuesday. The firm has a market capitalization of $4.79 billion, a P/E ratio of 65.19 and a beta of 1.40. Solaris Energy Infrastructure, Inc. has a 1 year low of $38.50 and a 1 year high of $86.19. The firm’s fifty day simple moving average is $65.95 and its 200 day simple moving average is $63.39. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23.
Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.23. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 14.56%. The company had revenue of $341.09 million for the quarter. As a group, sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 1.37 EPS for the current year.
Solaris Energy Infrastructure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Tuesday, December 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 8th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is 50.00%.
Trending Headlines about Solaris Energy Infrastructure
Here are the key news stories impacting Solaris Energy Infrastructure this week:
- Positive Sentiment: Citigroup raised its price target to $104 from $100 and reiterated a “buy” rating, signaling increased confidence in SEI’s prospects. Citigroup raises price target
- Positive Sentiment: Piper Sandler lifted its target to $85 from $82 and assigned an “overweight” rating, adding to the positive analyst outlook. Piper Sandler raises price target
- Positive Sentiment: SEI reported third-quarter EPS of $0.45, above the $0.22 consensus estimate, with revenue of $341.09 million. The earnings beat may bolster confidence in operating performance. Q3 earnings metrics
- Positive Sentiment: Solaris was among several energy-related companies whose shares rallied, suggesting broader sector strength may also have helped sentiment. The article does not specify the rally’s underlying catalyst. Energy shares rally
- Neutral Sentiment: Barclays was reported to expect SEI’s stock to rise, but the available headline does not provide its target or rationale. Barclays outlook
- Negative Sentiment: Wells Fargo cut its price target, a less favorable signal that tempers the recent bullish analyst revisions; the report provided here does not state the new target. Wells Fargo cuts target
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SEI. The Goldman Sachs Group set a $113.00 target price on shares of Solaris Energy Infrastructure in a research note on Friday. Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Morgan Stanley upped their price target on shares of Solaris Energy Infrastructure from $90.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Citigroup raised their price target on Solaris Energy Infrastructure from $100.00 to $104.00 and gave the company a “buy” rating in a research report on Monday. Finally, Northland Securities set a $111.00 price objective on Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and an average target price of $98.69.
Check Out Our Latest Report on Solaris Energy Infrastructure
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.
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