Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Down - Should You Sell?

Key Points

• Solaris Energy Infrastructure shares gapped down from $46.75 to $44.25 prior to trading on Tuesday, with the last traded price at $44.31, indicating potential volatility or selling pressure.
• Analysts have differing views on Solaris Energy, with ratings ranging from "Strong Buy" to "Hold", and a consensus target price of $43.67, reflecting mixed sentiments on the stock's future performance.
• The company recently declared a $0.12 per share quarterly dividend, resulting in a 1.1% dividend yield and a significant payout ratio of 81.36%, illustrating its commitment to returning value to shareholders.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $46.75, but opened at $44.25. Solaris Energy Infrastructure shares last traded at $44.31, with a volume of 2,302,967 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SEI shares. Weiss Ratings restated a "hold (c+)" rating on shares of Solaris Energy Infrastructure in a report on Saturday, September 27th. Wall Street Zen raised shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Stifel Nicolaus restated a "buy" rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Barclays increased their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $38.00 price objective (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $43.67.

Solaris Energy Infrastructure Price Performance

The stock's fifty day moving average is $32.55 and its 200-day moving average is $27.67. The stock has a market capitalization of $2.84 billion, a PE ratio of 71.24 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 Dividend Announcement

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. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio is 81.36%.

Insider Activity at Solaris Energy Infrastructure

In related news, CFO Kyle S. Ramachandran purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of $25.00 per share, with a total value 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 represents a 0.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher M. Powell sold 12,750 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the completion of the transaction, the insider directly owned 130,615 shares in the company, valued at $3,918,450. This represents a 8.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. purchased a new position in shares of Solaris Energy Infrastructure in the second quarter worth about $25,000. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $28,000. Wayfinding Financial LLC acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $29,000. US Bancorp DE acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $38,000. Finally, California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at approximately $52,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

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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