Solaris Energy Infrastructure's (SEI) "Outperform" Rating Reiterated at Raymond James Financial

Raymond James Financial restated their outperform rating on shares of Solaris Energy Infrastructure (NASDAQ:SEI - Free Report) in a report released on Wednesday morning,Benzinga reports. Raymond James Financial currently has a $38.00 target price on the stock, down from their prior target price of $39.00.

Other equities analysts have also issued reports about the stock. Northland Securities assumed 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 for the company. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Wednesday, June 25th. Stifel Nicolaus reduced their price objective on Solaris Energy Infrastructure from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Citigroup initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, Piper Sandler upped their target price on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have assigned 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 $41.78.

Solaris Energy Infrastructure Stock Performance

Shares of NASDAQ:SEI traded down $0.32 during trading on Wednesday, hitting $33.52. The stock had a trading volume of 581,544 shares, compared to its average volume of 1,470,211. Solaris Energy Infrastructure has a 12-month low of $10.96 and a 12-month high of $39.03. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 76.18 and a beta of 1.09. The stock has a 50-day simple moving average of $28.48 and a two-hundred day simple moving average of $26.11.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 97.96%.

Insider Buying and Selling

In related news, Director Aj Teague purchased 1,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the transaction, the director directly owned 98,459 shares in the company, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William A. Zartler bought 10,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average cost of $21.78 per share, with a total value of $217,800.00. Following the acquisition, the chief executive officer directly owned 1,039,227 shares of the company's stock, valued at approximately $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. Insiders bought 12,000 shares of company stock valued at $267,150 over the last 90 days. Company insiders own 21.20% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of large investors have recently made changes to their positions in the stock. Encompass Capital Advisors LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $78,967,000. Driehaus Capital Management LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $44,073,000. Vanguard Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $35,060,000. Westwood Holdings Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $29,298,000. Finally, Millennium Management LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $24,335,000. 67.44% of the stock is currently owned by hedge funds and other 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.