Brokerages Set Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) PT at $43.14

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) has earned a consensus rating of "Buy" from the eleven brokerages that are covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $43.00.

A number of research analysts have recently commented on SEI shares. 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 target on the stock. Piper Sandler raised their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Northland Securities started coverage on Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price target on the stock. Citigroup started coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Barclays started coverage on Solaris Energy Infrastructure in a report on Friday. They set an "overweight" rating and a $42.00 price target on the stock.

Insider Buying and Selling

In related news, Director Aj Teague purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the transaction, the director now directly owns 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was bought at an average price of $21.78 per share, with a total value of $217,800.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 16,000 shares of company stock valued at $356,870 over the last three months. Company insiders own 21.20% of the company's stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $28,000. Wayfinding Financial LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $29,000. US Bancorp DE acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $38,000. Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $41,000. Finally, Riverview Trust Co acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Solaris Energy Infrastructure Stock Performance

NASDAQ SEI traded up $2.98 during trading hours on Thursday, hitting $30.11. The company had a trading volume of 2,348,981 shares, compared to its average volume of 1,070,193. Solaris Energy Infrastructure has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. 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 business has a fifty day simple moving average of $22.00 and a 200-day simple moving average of $25.53. The firm has a market cap of $2.03 billion, a P/E ratio of 68.43 and a beta of 1.11.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, June 3rd. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

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.