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

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) has received an average recommendation of "Buy" from the twelve ratings firms that are 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 1-year target price among brokers that have issued a report on the stock in the last year is $42.56.

Several equities research analysts recently weighed in on SEI shares. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. Raymond James Financial began coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 13th. They issued an "outperform" rating and a $39.00 price objective on the stock. Piper Sandler raised their target price on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Citigroup started coverage on shares of Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Finally, Barclays started coverage on shares of Solaris Energy Infrastructure in a report on Friday, June 6th. They set an "overweight" rating and a $42.00 price target for the company.

Solaris Energy Infrastructure Price Performance

SEI opened at $29.01 on Monday. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. Solaris Energy Infrastructure has a 52-week low of $10.96 and a 52-week high of $39.03. The company has a 50 day moving average of $24.99 and a two-hundred day moving average of $25.81. The company has a market cap of $1.96 billion, a P/E ratio of 65.93 and a beta of 1.11.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 1.65%. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director Aj Teague acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the acquisition, the director now owns 98,459 shares of the company's stock, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the acquisition, the chief executive officer now owns 1,039,227 shares in the company, valued at approximately $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 12,000 shares of company stock worth $267,150 in the last quarter. 21.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth $28,000. Wayfinding Financial LLC bought a new stake in Solaris Energy Infrastructure during the first quarter valued at about $29,000. US Bancorp DE bought a new stake in Solaris Energy Infrastructure during the first quarter valued at about $38,000. Nisa Investment Advisors LLC bought a new stake in Solaris Energy Infrastructure during the first quarter valued at about $41,000. Finally, Riverview Trust Co bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $47,000. 67.44% of the stock is currently owned by institutional investors.

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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