Solaris Energy Infrastructure (NYSE:SEI) Sets New 1-Year High - Here's Why

Key Points

• Solaris Energy Infrastructure's stock reached a new 52-week high of $43.78, with analysts maintaining an overall Buy rating and a consensus price target of $43.67.
• The company announced a quarterly dividend of $0.12 per share, resulting in an annual yield of 1.0% and a payout ratio of 81.36%.
• Institutional investors hold 67.44% of the company's stock, with significant recent increases in positions from several large investment firms.

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $43.78 and last traded at $43.78, with a volume of 14100 shares. The stock had previously closed at $42.32.

Wall Street Analysts Forecast Growth

SEI has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a "buy" rating and set a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Northland Securities set a $50.00 price objective on shares of Solaris Energy Infrastructure in a report on Monday, August 4th. Barclays upped their price target on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Piper Sandler reduced their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, Solaris Energy Infrastructure currently has a consensus rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Trading Up 9.9%

The business's 50-day moving average price is $31.79 and its two-hundred day moving average price is $27.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.11 and a quick ratio of 2.98. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 78.80 and a beta of 1.12.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.48 annualized dividend and a yield of 1.0%. Solaris Energy Infrastructure's dividend payout ratio is 81.36%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 90,956 shares of the company's stock, valued at approximately $2,624,990.16. This represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher M. Powell sold 12,750 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $30.00, for a total transaction of $382,500.00. Following the transaction, the insider directly owned 130,615 shares of the company's stock, valued at $3,918,450. This trade represents a 8.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.20% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several large investors have recently made changes to their positions in the business. Farmers Trust Co. acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter worth $250,000. Squarepoint Ops LLC increased its position in shares of Solaris Energy Infrastructure by 231.1% in the second quarter. Squarepoint Ops LLC now owns 259,248 shares of the company's stock worth $7,334,000 after acquiring an additional 180,957 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Solaris Energy Infrastructure by 11.8% in the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company's stock worth $42,569,000 after acquiring an additional 158,338 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Solaris Energy Infrastructure by 607.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 19,407 shares of the company's stock worth $550,000 after acquiring an additional 16,662 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Solaris Energy Infrastructure by 13.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,764 shares of the company's stock worth $276,000 after acquiring an additional 1,179 shares in the last quarter. Institutional investors and hedge funds 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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