Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Given Average Recommendation of "Buy" by Analysts

Key Points

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Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) have received an average recommendation of "Buy" from the twelve research firms that are presently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $43.7778.

Several equities research analysts recently issued reports on SEI shares. Raymond James Financial restated an "outperform" rating and issued a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. Vertical Research started coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price on the stock. Finally, Citigroup started coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating on the stock.

Insider Transactions at Solaris Energy Infrastructure

In other news, CEO William A. Zartler purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the acquisition, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aj Teague purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the acquisition, the director directly owned 98,459 shares in the company, valued at $2,635,747.43. The trade was a 1.03% increase in their position. The disclosure for this purchase can be found here. Insiders own 21.20% of the company's stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its stake in Solaris Energy Infrastructure by 17.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company's stock worth $62,000 after acquiring an additional 333 shares in the last quarter. Cerity Partners LLC grew its stake in Solaris Energy Infrastructure by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 12,551 shares of the company's stock worth $355,000 after acquiring an additional 397 shares in the last quarter. California State Teachers Retirement System grew its stake in Solaris Energy Infrastructure by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 32,282 shares of the company's stock worth $913,000 after acquiring an additional 454 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Solaris Energy Infrastructure by 6.0% in the 2nd quarter. Ballentine Partners LLC now owns 10,210 shares of the company's stock worth $289,000 after purchasing an additional 575 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Solaris Energy Infrastructure by 20.1% during the second quarter. Ameritas Investment Partners Inc. now owns 3,724 shares of the company's stock valued at $105,000 after purchasing an additional 623 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $27.34 on Tuesday. The company has a market capitalization of $1.85 billion, a P/E ratio of 62.13 and a beta of 1.14. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of $29.89 and a 200 day moving average of $26.17. Solaris Energy Infrastructure has a twelve month low of $10.96 and a twelve month high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. Solaris Energy Infrastructure's payout ratio is 81.36%.

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.

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