Citigroup upgraded shares of Solaris Energy Infrastructure (NASDAQ:SEI - Free Report) to a strong-buy rating in a report issued on Thursday, MarketBeat reports. They currently have $32.00 price objective on the stock.
SEI has been the subject of several other reports. Stifel Nicolaus boosted their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Vertical Research started coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective for the company. Northland Capmk raised Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Janney Montgomery Scott started coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price objective for the company. Finally, Piper Sandler boosted their price objective on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Eight investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Solaris Energy Infrastructure has a consensus rating of "Buy" and a consensus target price of $43.14.
Check Out Our Latest Stock Report on SEI
Solaris Energy Infrastructure Price Performance
Shares of Solaris Energy Infrastructure stock traded up $0.78 during trading on Thursday, reaching $27.83. The company's stock had a trading volume of 586,136 shares, compared to its average volume of 1,048,161. The stock has a 50-day moving average price of $21.05 and a two-hundred day moving average price of $25.00. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. Solaris Energy Infrastructure has a one year low of $10.96 and a one year high of $39.03. The stock has a market capitalization of $1.88 billion, a P/E ratio of 63.05 and a beta of 1.01.
Solaris Energy Infrastructure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.72%. Solaris Energy Infrastructure's payout ratio is currently 97.96%.
Insider Transactions at Solaris Energy Infrastructure
In other Solaris Energy Infrastructure news, Director Laurie H. Argo acquired 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the transaction, the director now owns 46,064 shares of the company's stock, valued at $1,033,215.52. This trade represents a 9.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William A. Zartler acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was acquired at an average price of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,039,227 shares in the company, valued at $22,634,364.06. This trade represents a 0.97% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 15,000 shares of company stock worth $330,100. 21.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Solaris Energy Infrastructure
A number of large investors have recently bought and sold shares of SEI. Encompass Capital Advisors LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $78,967,000. Driehaus Capital Management LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $44,073,000. Vanguard Group Inc. acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $35,060,000. Westwood Holdings Group Inc. acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $29,298,000. Finally, Millennium Management LLC bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $24,335,000. Institutional investors and hedge funds own 67.44% of the company's stock.
About Solaris Energy Infrastructure
(
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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.
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