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

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) have earned an average recommendation of "Buy" from the twelve analysts that are presently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $42.56.

A number of equities analysts have commented on SEI shares. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Barclays assumed coverage on Solaris Energy Infrastructure in a report on Friday, June 6th. They issued an "overweight" rating and a $42.00 target price on the stock. Vertical Research assumed coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 price objective for the company. Citigroup started coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Aj Teague purchased 1,000 shares of the company's stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $26.77 per share, with a total value of $26,770.00. Following the purchase, the director directly owned 98,459 shares of the company's stock, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William A. Zartler acquired 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,039,227 shares of the company's stock, valued at $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 12,000 shares of company stock valued at $267,150 in the last three months. 21.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure in the first quarter worth $29,000. US Bancorp DE acquired a new position in Solaris Energy Infrastructure during the first quarter worth $38,000. Nisa Investment Advisors LLC bought a new position in Solaris Energy Infrastructure in the first quarter valued at $41,000. Finally, Riverview Trust Co acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $47,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Solaris Energy Infrastructure Price Performance

Shares of SEI traded up $0.61 during mid-day trading on Monday, reaching $32.28. The company had a trading volume of 879,227 shares, compared to its average volume of 1,113,472. The company's 50-day moving average is $25.67 and its 200-day moving average is $25.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The company has a market capitalization of $2.18 billion, a P/E ratio of 73.37 and a beta of 1.11. 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 business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, June 3rd. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

Solaris Energy Infrastructure Company Profile

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.