Solaris Energy Infrastructure (NASDAQ:SEI) Shares Down 4.4% After Analyst Downgrade

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s stock price traded down 4.4% during trading on Wednesday after Stifel Nicolaus lowered their price target on the stock from $45.00 to $41.00. Stifel Nicolaus currently has a buy rating on the stock. Solaris Energy Infrastructure traded as low as $29.03 and last traded at $29.05. 180,390 shares were traded during trading, a decline of 84% from the average session volume of 1,109,025 shares. The stock had previously closed at $30.39.

A number of other equities analysts also recently weighed in on the stock. Northland Securities initiated coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 price target on the stock. Piper Sandler lifted their target price on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Barclays assumed coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 6th. They issued an "overweight" rating and a $42.00 target price for the company. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Wednesday, June 25th. Finally, Raymond James Financial assumed coverage on shares of Solaris Energy Infrastructure in a research report on Friday, June 13th. They set an "outperform" rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $41.78.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Aj Teague acquired 1,000 shares of Solaris Energy Infrastructure stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $26.77 per share, with a total value of $26,770.00. Following the completion of the purchase, the director owned 98,459 shares in the company, valued at $2,635,747.43. The trade was a 1.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $21.78 per share, for a total transaction 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. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 12,000 shares of company stock valued at $267,150. 21.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acuitas Investments LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $3,728,000. Emerald Advisers LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $15,188,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $267,000. GAMMA Investing LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $435,000. Finally, Stephens Investment Management Group LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $5,782,000. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Stock Up 0.5%

The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 66.25 and a beta of 1.09. The firm's 50 day moving average price is $27.89 and its two-hundred day moving average price is $26.11. 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 Announces Dividend

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

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.