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

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) have been given a consensus rating of "Buy" by the ten research firms that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $43.14.

SEI has been the subject of several research analyst reports. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price objective for the company. Piper Sandler raised their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Northland Capmk raised Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Stifel Nicolaus raised their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Finally, Citigroup started coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They set a "buy" rating on the stock.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock traded down $0.64 during trading hours on Thursday, reaching $27.16. 1,303,380 shares of the company's stock were exchanged, compared to its average volume of 1,063,203. The company has a market cap of $1.83 billion, a P/E ratio of 61.72 and a beta of 1.01. The company's 50 day moving average is $21.72 and its two-hundred day moving average is $25.38. Solaris Energy Infrastructure has a 1 year low of $10.96 and a 1 year high of $39.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Tuesday, June 3rd. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Aj Teague acquired 1,000 shares of Solaris Energy Infrastructure stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the purchase, the director now directly owns 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William A. Zartler acquired 10,000 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, May 21st. The shares were bought at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the purchase, the chief executive officer now owns 1,039,227 shares of the company's stock, valued at $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. Over the last 90 days, insiders have bought 16,000 shares of company stock worth $356,870. 21.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SEI. Encompass Capital Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter worth about $78,967,000. Driehaus Capital Management LLC bought a new stake in Solaris Energy Infrastructure in the first quarter valued at about $44,073,000. Vanguard Group Inc. bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $35,060,000. Westwood Holdings Group Inc. bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $29,298,000. Finally, Millennium Management LLC bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $24,335,000. Institutional investors and hedge funds own 67.44% of the company's stock.

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.