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

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) have earned a consensus recommendation of "Buy" from the twelve research firms that are currently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.78.

SEI has been the topic of a number of analyst reports. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Barclays decreased their target price on shares of Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price on the stock. Finally, Piper Sandler boosted their price objective on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock traded down $1.31 on Friday, hitting $32.54. 2,065,900 shares of the company traded hands, compared to its average volume of 1,481,160. The firm's 50-day simple moving average is $28.68 and its 200 day simple moving average is $26.14. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company has a market cap of $2.20 billion, a P/E ratio of 73.94 and a beta of 1.09. Solaris Energy Infrastructure has a 12-month low of $10.96 and a 12-month high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is 97.96%.

Insider Transactions at Solaris Energy Infrastructure

In related news, CEO William A. Zartler bought 10,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average price of $21.78 per share, with a total value of $217,800.00. Following the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aj Teague bought 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the purchase, the director directly owned 98,459 shares in the company, valued at approximately $2,635,747.43. This represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 12,000 shares of company stock worth $267,150 in the last ninety days. Insiders own 21.20% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several hedge funds have recently bought and sold shares of the business. Congress Asset Management Co. raised its holdings in Solaris Energy Infrastructure by 0.4% in the second quarter. Congress Asset Management Co. now owns 202,041 shares of the company's stock worth $5,716,000 after buying an additional 786 shares during the last quarter. Ballentine Partners LLC raised its holdings in Solaris Energy Infrastructure by 6.0% in the second quarter. Ballentine Partners LLC now owns 10,210 shares of the company's stock worth $289,000 after buying an additional 575 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Solaris Energy Infrastructure in the second quarter worth about $418,000. Wealth Enhancement Advisory Services LLC purchased a new position in Solaris Energy Infrastructure in the second quarter worth about $200,000. Finally, Rhumbline Advisers purchased a new position in Solaris Energy Infrastructure in the first quarter worth about $962,000. Institutional investors 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.