Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 9.6% - Time to Sell?

Key Points

• Solaris Energy Infrastructure shares fell by 9.6% to close at $29.54, with trading volume down 72% compared to the average.
• Analysts maintain a generally optimistic outlook on the stock, with ten buy ratings and a consensus price target of $42.33.
• The company announced a quarterly dividend of $0.12 per share, leading to an annualized yield of 1.6%, with a payout ratio of 81.36%.

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) were down 9.6% during trading on Friday . The stock traded as low as $28.94 and last traded at $29.54. Approximately 409,972 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,490,724 shares. The stock had previously closed at $32.67.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SEI shares. Citigroup started coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Vertical Research initiated coverage on Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 price target on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Finally, Piper Sandler upped their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $42.33.

Solaris Energy Infrastructure Trading Down 6.6%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The business has a 50-day simple moving average of $29.50 and a two-hundred day simple moving average of $26.25. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 69.31 and a beta of 1.09.

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 1.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 81.36%.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Aj Teague acquired 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $26.77 per share, with a total value of $26,770.00. Following the completion of the transaction, the director directly owned 98,459 shares in the company, valued at approximately $2,635,747.43. This represents a 1.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William A. Zartler acquired 10,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average cost of $21.78 per share, with a total value of $217,800.00. Following the completion of the transaction, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 21.20% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

Several hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $28,000. Wayfinding Financial LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth $29,000. US Bancorp DE bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth $38,000. California State Teachers Retirement System acquired a new position in Solaris Energy Infrastructure in the 4th quarter valued at approximately $52,000. Finally, Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $41,000. 67.44% of the stock is 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.

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