Solaris Energy Infrastructure (NYSE:SEI) Reaches New 12-Month High - Time to Buy?

Key Points

• Solaris Energy Infrastructure's stock reached a new 52-week high of $48.20, indicating strong trading activity with over 2.7 million shares exchanged.
• Recent analyst reports show a consensus rating of Buy, with target prices ranging from $43.67 to $50.00, reflecting positive market sentiment.
• The company announced a quarterly dividend of $0.12 per share, representing a yield of 1.0% and a payout ratio of 81.36%.

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $48.20 and last traded at $47.71, with a volume of 2724047 shares changing hands. The stock had previously closed at $44.05.

Analysts Set New Price Targets

SEI has been the subject of a number of recent research reports. Wall Street Zen upgraded Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Stifel Nicolaus reiterated 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. Barclays lifted their price objective on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, August 4th. Finally, Piper Sandler decreased their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of "Buy" and a consensus price target of $43.67.

Solaris Energy Infrastructure Price Performance

The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.25 billion, a PE ratio of 81.54 and a beta of 1.12. The company has a fifty day moving average price of $32.75 and a two-hundred day moving average price of $27.78.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Tuesday, September 16th were paid a $0.12 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.0%. Solaris Energy Infrastructure's payout ratio is currently 81.36%.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, insider Christopher M. Powell sold 12,750 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total value of $382,500.00. Following the completion of the sale, the insider owned 130,615 shares in the company, valued at $3,918,450. This represents a 8.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the sale, the director directly owned 90,956 shares of the company's stock, valued at $2,624,990.16. The trade was 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 Investors Weigh In On Solaris Energy Infrastructure

Large investors have recently modified their holdings of the stock. Cerity Partners LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter worth $264,000. GW&K Investment Management LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth about $9,437,000. Informed Momentum Co LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth about $2,458,000. Acuitas Investments LLC purchased a new position in Solaris Energy Infrastructure during the first quarter worth about $3,728,000. Finally, Vanguard Group Inc. purchased a new position in Solaris Energy Infrastructure during the first quarter worth about $35,060,000. 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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