Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 5.3% - Time to Sell?

Key Points

• Solaris Energy Infrastructure shares fell by 5.3%, trading at $29.03 after reaching a low of $29.04, with a significant decrease in trading volume.
• Analysts have varying ratings for the stock, with Raymon James maintaining an "outperform" rating but adjusting their target price down to $38.00, while others have set higher target prices.
• The company announced a quarterly dividend of $0.12 per share, leading to an annualized yield of 1.7% and a payout ratio of 81.36%.

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s share price dropped 5.3% on Wednesday . The company traded as low as $29.04 and last traded at $29.03. Approximately 163,688 shares traded hands during trading, a decline of 89% from the average daily volume of 1,510,486 shares. The stock had previously closed at $30.66.

Analyst Upgrades and Downgrades

SEI has been the topic of a number of analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Stifel Nicolaus reaffirmed a "buy" rating and set a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a 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 report on Tuesday, April 22nd. Finally, Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $43.78.

Solaris Energy Infrastructure Stock Down 7.4%

The stock's fifty day moving average price is $29.96 and its 200 day moving average price is $26.12. The stock has a market cap of $1.92 billion, a P/E ratio of 64.49 and a beta of 1.14. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

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 paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. Solaris Energy Infrastructure's dividend payout ratio is 81.36%.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, CEO William A. Zartler acquired 10,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was bought 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Aj Teague acquired 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $26.77 per share, with a total value of $26,770.00. Following the purchase, the director directly owned 98,459 shares in the company, valued at $2,635,747.43. This represents a 1.03% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position 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 worth $62,000 after purchasing an additional 333 shares during the period. Ballentine Partners LLC lifted its position 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 worth $289,000 after purchasing an additional 575 shares during the period. Ameritas Investment Partners Inc. lifted its position 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 worth $105,000 after purchasing an additional 623 shares during the period. Congress Asset Management Co. lifted its position in shares of Solaris Energy Infrastructure by 0.4% in the 2nd quarter. Congress Asset Management Co. now owns 202,041 shares of the company's stock worth $5,716,000 after purchasing an additional 786 shares during the period. Finally, Assetmark Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter worth about $25,000. Hedge funds and other 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.

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