Solaris Energy Infrastructure (NYSE:SEI) Hits New 1-Year High - What's Next?

Key Points

• Solaris Energy Infrastructure (NYSE:SEI) reached a new 52-week high at $52.26, with a recent trading close at $52.02 and a trading volume of over 4.8 million shares.
• Recent analyst ratings show a mix: Piper Sandler downgraded their price target while Citigroup raised theirs to $56.00, reflecting an average rating of "Buy" with a consensus price target of $47.56.
• The company declared a quarterly dividend of $0.12 per share, representing an annual yield of 0.9%, with a dividend payout ratio of 81.36%.

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $52.26 and last traded at $52.02, with a volume of 4841569 shares traded. The stock had previously closed at $44.98.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler decreased their price objective on Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Barclays raised their target price on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Solaris Energy Infrastructure in a research note on Wednesday, October 8th. Citigroup upped their target price on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a "buy" rating in a report on Monday. Finally, Wall Street Zen upgraded Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $47.56.

Solaris Energy Infrastructure Price Performance

The stock's 50-day moving average is $34.07 and its 200 day moving average is $28.50. The company has a market cap of $3.52 billion, a PE ratio of 88.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.11 and a quick ratio of 2.98.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.08 earnings per share (EPS) for the quarter. Solaris Energy Infrastructure had a return on equity of 7.66% and a net margin of 4.99%.The business had revenue of $75.02 million for the quarter. On average, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is currently 81.36%.

Insider Activity at Solaris Energy Infrastructure

In related news, CFO Kyle S. Ramachandran purchased 2,000 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the purchase, the chief financial officer owned 370,338 shares of the company's stock, valued at $9,258,450. This trade represents a 0.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the sale, the director directly owned 90,956 shares in the company, valued at $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.20% of the stock is owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in 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 buying an additional 333 shares during the period. Cerity Partners LLC boosted its holdings in shares of Solaris Energy Infrastructure by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 12,551 shares of the company's stock valued at $355,000 after acquiring an additional 397 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Solaris Energy Infrastructure by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 32,282 shares of the company's stock valued at $913,000 after acquiring an additional 454 shares during the last quarter. Ballentine Partners LLC lifted its position in Solaris Energy Infrastructure by 6.0% during the second quarter. Ballentine Partners LLC now owns 10,210 shares of the company's stock valued at $289,000 after purchasing an additional 575 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its position in Solaris Energy Infrastructure by 20.1% during the second quarter. Ameritas Investment Partners Inc. now owns 3,724 shares of the company's stock valued at $105,000 after purchasing an additional 623 shares during the period. Institutional investors and hedge funds own 67.44% of the company's stock.

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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