Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Solaris Energy Infrastructure, Inc. has received a consensus recommendation of "Buy" from thirteen brokerages, with an average one-year price target of $43.67.
• CEO William A. Zartler acquired 10,000 shares at an average price of $24.83, increasing his ownership of the company’s stock by 0.96%.
• The company recently announced a quarterly dividend of $0.12 per share, reflecting an annualized yield of 1.1% and a payout ratio of 81.36%.

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) have been given an average rating of "Buy" by the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $43.6667.

A number of brokerages have issued reports on SEI. Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Solaris Energy Infrastructure in a research note on Saturday, September 27th. Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a research note on Monday, August 4th. Raymond James Financial reissued an "outperform" rating and set a $38.00 price objective (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Finally, Piper Sandler dropped their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th.

Insider Activity at Solaris Energy Infrastructure

In related news, CEO William A. Zartler acquired 10,000 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $24.83 per share, with a total value of $248,300.00. Following the acquisition, the chief executive officer directly owned 1,049,227 shares of the company's stock, valued at approximately $26,052,306.41. This trade represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher M. Powell sold 12,750 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the transaction, the insider directly owned 130,615 shares of the company's stock, valued at $3,918,450. This trade represents a 8.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its holdings in shares of Solaris Energy Infrastructure by 17.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company's stock valued at $62,000 after acquiring an additional 333 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of 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 acquiring an additional 397 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of 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 acquiring an additional 454 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of 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 acquiring an additional 575 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of 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 acquiring an additional 623 shares during the last quarter. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Trading Down 6.1%

Shares of SEI stock opened at $43.91 on Wednesday. Solaris Energy Infrastructure has a 52-week low of $12.78 and a 52-week high of $47.89. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The firm has a market capitalization of $2.97 billion, a PE ratio of 74.42 and a beta of 1.12. The stock has a fifty day simple moving average of $32.75 and a two-hundred day simple moving average of $27.78.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio is 81.36%.

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.

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