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

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report)'s share price traded down 4.4% 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 changed hands during mid-day trading, a decline of 84% from the average session volume of 1,109,025 shares. The stock had previously closed at $30.39.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Wednesday, June 25th. Piper Sandler upped their price objective 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. Northland Securities assumed coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 price objective for the company. Raymond James Financial assumed coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 13th. They set an "outperform" rating and a $39.00 price objective for the company. Finally, Vertical Research assumed coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a "buy" rating and a $36.00 price objective for the company. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $41.78.

Insider Activity at Solaris Energy Infrastructure

In other news, CEO William A. Zartler purchased 10,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of $21.78 per share, with a total value of $217,800.00. Following the purchase, the chief executive officer directly owned 1,039,227 shares in the company, valued at approximately $22,634,364.06. This represents a 0.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Aj Teague purchased 1,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $26.77 per share, with a total value of $26,770.00. Following the purchase, the director 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 disclosure for this purchase can be found here. In the last three months, insiders bought 12,000 shares of company stock valued at $267,150. Corporate insiders own 21.20% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds have recently made changes to their positions in the company. Encompass Capital Advisors LLC purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $78,967,000. Driehaus Capital Management LLC purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $44,073,000. Vanguard Group Inc. purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $35,060,000. Westwood Holdings Group Inc. purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $29,298,000. Finally, Millennium Management LLC purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $24,335,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Price Performance

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 stock has a market cap of $2.02 billion, a PE ratio of 67.91 and a beta of 1.09. The stock's 50-day moving average is $27.62 and its two-hundred day moving average is $26.10.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.61%. Solaris Energy Infrastructure's payout ratio 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.