Solaris Energy Infrastructure (NYSE:SEI) Sets New 12-Month High - Should You Buy?

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)'s share price reached a new 52-week high on Monday . The company traded as high as $39.04 and last traded at $38.81, with a volume of 1323324 shares traded. The stock had previously closed at $37.63.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SEI shares. Piper Sandler cut their price objective on 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. Northland Securities set a $50.00 target price on Solaris Energy Infrastructure in a report on Monday, August 4th. Barclays increased their target price on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Finally, Wall Street Zen raised 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 and ten have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $43.67.

Solaris Energy Infrastructure Stock Performance

The stock's fifty day simple moving average is $30.17 and its 200-day simple moving average is $26.26. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2.71 billion, a PE ratio of 67.85 and a beta of 1.15.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio (DPR) is presently 81.36%.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, insider Christopher M. Powell sold 12,750 shares of Solaris Energy Infrastructure stock in a transaction that occurred 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 directly owned 130,615 shares of the company's stock, valued at approximately $3,918,450. The trade was a 8.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of Solaris Energy Infrastructure 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 completion of the transaction, the director owned 90,956 shares in the company, valued at approximately $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.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 2nd quarter valued at $25,000. Strs Ohio acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $28,000. Wayfinding Financial LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $29,000. US Bancorp DE acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $38,000. Finally, California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure in the 4th quarter valued at $52,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.