Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 40.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,015 shares of the company’s stock after selling 46,730 shares during the quarter. Solaris Energy Infrastructure accounts for 1.3% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 28th largest position. Lisanti Capital Growth LLC owned approximately 0.09% of Solaris Energy Infrastructure worth $4,841,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. bought a new position in Solaris Energy Infrastructure during the third quarter valued at $44,000. Parallel Advisors LLC lifted its position in shares of Solaris Energy Infrastructure by 590.9% during the 3rd quarter. Parallel Advisors LLC now owns 684 shares of the company’s stock valued at $49,000 after buying an additional 585 shares during the last quarter. West Branch Capital LLC purchased a new position in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $71,000. GK Wealth Management LLC purchased a new position in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $79,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Solaris Energy Infrastructure by 111.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the company’s stock valued at $83,000 after buying an additional 616 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling

In related news, Director A. Teague bought 3,900 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was acquired at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the purchase, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. This trade represents a 3.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on SEI. Northland Securities set a $111.00 price objective on Solaris Energy Infrastructure in a research note on Wednesday, September 16th. The Goldman Sachs Group set a $113.00 target price on shares of Solaris Energy Infrastructure in a research report on Friday, November 6th. Barclays lifted their target price on shares of Solaris Energy Infrastructure from $116.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Solaris Energy Infrastructure in a research report on Wednesday, November 4th. Finally, Raymond James Financial raised shares of Solaris Energy Infrastructure from a “moderate buy” rating to a “strong-buy” rating and set a $113.00 price target on the stock in a research report on Friday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $100.38.

Solaris Energy Infrastructure Trading Up 4.5%

NYSE:SEI opened at $64.65 on Thursday. Solaris Energy Infrastructure, Inc. has a 1 year low of $38.50 and a 1 year high of $86.19. The stock’s fifty day moving average price is $66.47 and its two-hundred day moving average price is $63.47. 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 market cap of $4.95 billion, a P/E ratio of 67.35 and a beta of 1.40.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.23. The company had revenue of $341.09 million during the quarter. Solaris Energy Infrastructure had a return on equity of 12.82% and a net margin of 7.99%. As a group, analysts expect that Solaris Energy Infrastructure, Inc. will post 1.37 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors 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 dividend on an annualized basis and a yield of 0.7%. Solaris Energy Infrastructure’s dividend payout ratio is 50.00%.

About Solaris Energy Infrastructure

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.