Oregon Public Employees Retirement Fund Purchases 14,800 Shares of Solaris Energy Infrastructure, Inc. $SEI

Oregon Public Employees Retirement Fund acquired a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,800 shares of the company’s stock, valued at approximately $1,053,000.

Several other large investors have also bought and sold shares of the company. Jennison Associates LLC boosted its position in shares of Solaris Energy Infrastructure by 215.1% during the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after purchasing an additional 805,319 shares in the last quarter. Two Seas Capital LP acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter worth approximately $56,007,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in shares of Solaris Energy Infrastructure by 146.2% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,029,000 shares of the company’s stock worth $73,244,000 after purchasing an additional 611,000 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter worth approximately $46,967,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter worth approximately $30,881,000. Institutional investors own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $104.00 target price on shares of Solaris Energy Infrastructure in a report on Friday, October 30th. Morgan Stanley lifted their price target on shares of Solaris Energy Infrastructure from $90.00 to $102.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group set a $113.00 price target on Solaris Energy Infrastructure in a report on Friday. Wells Fargo & Company cut their price objective on Solaris Energy Infrastructure from $72.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Weiss Ratings lowered Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Buy” and a consensus target price of $98.69.

Solaris Energy Infrastructure News Roundup

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

Insiders Place Their Bets

In related news, Director A. Teague purchased 3,900 shares of the stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average cost of $64.21 per share, for a total transaction of $250,419.00. Following the acquisition, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Stock Up 8.3%

Shares of NYSE:SEI opened at $62.59 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12. The company has a market cap of $4.79 billion, a PE ratio of 65.19 and a beta of 1.40. Solaris Energy Infrastructure, Inc. has a 52 week low of $38.50 and a 52 week high of $86.19. The firm has a 50 day simple moving average of $65.95 and a 200 day simple moving average of $63.39.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Wednesday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.23. Solaris Energy Infrastructure had a return on equity of 14.56% and a net margin of 7.99%. The company had revenue of $341.09 million during the quarter. As a group, research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.37 earnings per share for the current year.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Tuesday, December 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, December 8th. Solaris Energy Infrastructure’s dividend payout ratio is currently 50.00%.

Solaris Energy Infrastructure 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.