Solaris Energy Infrastructure (NYSE:SEI) Reaches New 12-Month High - What's Next?

Key Points

• Solaris Energy Infrastructure (NYSE:SEI) reached a new 52-week high of $39.04, closing at $38.81 with a trading volume of over 1.3 million shares.
• Analysts have mixed views, with Piper Sandler and Stifel Nicolaus giving different target price adjustments, while the average rating remains a "Buy" with an average target of $43.67.
• The company announced a quarterly dividend of $0.12 per share, representing a 1.2% dividend yield and a payout ratio of 81.36%.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.04 and last traded at $38.81, with a volume of 1323324 shares trading hands. The stock had previously closed at $37.63.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SEI. Wall Street Zen raised shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Raymond James Financial reiterated an "outperform" rating and issued a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Stifel Nicolaus reaffirmed a "buy" rating and set a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Piper Sandler lowered 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 research report on Wednesday, August 20th. Finally, Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $43.67.

Solaris Energy Infrastructure Stock Performance

The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 72.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The stock has a fifty day simple moving average of $30.33 and a two-hundred day simple moving average of $26.37.

Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. Solaris Energy Infrastructure's payout ratio is currently 81.36%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, insider Christopher M. Powell sold 12,750 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total value of $382,500.00. Following the sale, the insider owned 130,615 shares in the company, valued at $3,918,450. This trade represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of Solaris Energy Infrastructure 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 $2,624,990.16. This trade represents a 9.91% decrease in their position. The disclosure for this sale can be found here. Company 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 stock. Assetmark Inc. acquired a new position in Solaris Energy Infrastructure in the second quarter worth $25,000. Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $28,000. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $29,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $38,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $41,000. 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.