Barclays Initiates Coverage on Solaris Energy Infrastructure (NASDAQ:SEI)

Barclays started coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI - Free Report) in a research note published on Friday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $42.00 price target on the stock.

A number of other research firms have also commented on SEI. Citigroup started coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price target on the stock. Northland Securities started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price target on the stock. Finally, Piper Sandler raised their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Nine investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $43.00.

Solaris Energy Infrastructure Stock Performance

NASDAQ SEI traded down $0.88 on Friday, reaching $29.12. The stock had a trading volume of 1,506,736 shares, compared to its average volume of 1,072,556. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The firm has a fifty day moving average of $22.00 and a two-hundred day moving average of $25.56. Solaris Energy Infrastructure has a 1-year low of $10.96 and a 1-year high of $39.03. The company has a market cap of $1.97 billion, a P/E ratio of 66.19 and a beta of 1.11.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be paid a $0.12 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.65%. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

Insider Activity

In related news, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The shares were bought at an average cost 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 in the company, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laurie H. Argo purchased 4,000 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the purchase, the director now owns 46,064 shares in the company, valued at $1,033,215.52. This represents a 9.51% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 16,000 shares of company stock worth $356,870. Corporate insiders own 21.20% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several hedge funds have recently added to or reduced their stakes in SEI. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure during the 4th quarter worth approximately $52,000. GAMMA Investing LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $435,000. Rhumbline Advisers acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $962,000. Retirement Planning Group LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $802,000. Finally, Riverview Trust Co acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $47,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.