Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives $43.67 Consensus Target Price from Analysts

Key Points

• Solaris Energy Infrastructure, Inc. (NYSE:SEI) has received a consensus rating of "Buy" from twelve analysts, with an average target price of approximately $43.67.
• Insider trades show significant buying activity, with CFO Kyle S. Ramachandran purchasing 2,000 shares and CEO William A. Zartler acquiring 10,000 shares recently, indicating confidence in the company's future.
• The company declared a quarterly dividend of $0.12 per share, which will be paid on September 26th, representing an annualized yield of 1.5%.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) has received a consensus recommendation of "Buy" from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating and two have assigned 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 $43.6667.

A number of brokerages have recently issued reports on SEI. Piper Sandler dropped their target price on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Citigroup began coverage on Solaris Energy Infrastructure in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Barclays increased their target price on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock traded up $2.95 during trading hours on Friday, hitting $36.21. The stock had a trading volume of 3,614,045 shares, compared to its average volume of 2,094,825. The company has a 50-day moving average of $30.03 and a two-hundred day moving average of $26.20. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76. The company has a market cap of $2.45 billion, a PE ratio of 61.37 and a beta of 1.15. Solaris Energy Infrastructure has a fifty-two week low of $12.48 and a fifty-two week high of $39.03.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. Solaris Energy Infrastructure's dividend payout ratio is 81.36%.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, CFO Kyle S. Ramachandran purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the transaction, the chief financial officer directly owned 370,338 shares in the company, valued at approximately $9,258,450. The trade was a 0.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $28.86, for a total value of $288,600.00. Following the sale, the director owned 90,956 shares in the company, valued at approximately $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.20% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its position in Solaris Energy Infrastructure by 17.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company's stock worth $62,000 after acquiring an additional 333 shares during the last quarter. Cerity Partners LLC boosted its position in Solaris Energy Infrastructure by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 12,551 shares of the company's stock valued at $355,000 after buying an additional 397 shares during the last quarter. California State Teachers Retirement System boosted its position in Solaris Energy Infrastructure by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 32,282 shares of the company's stock valued at $913,000 after buying an additional 454 shares during the last quarter. Ballentine Partners LLC boosted its position in Solaris Energy Infrastructure by 6.0% in the 2nd quarter. Ballentine Partners LLC now owns 10,210 shares of the company's stock valued at $289,000 after buying an additional 575 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Solaris Energy Infrastructure by 20.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,724 shares of the company's stock valued at $105,000 after buying an additional 623 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

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.