Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Up - Still a Buy?

Key Points

• Solaris Energy Infrastructure's stock opened significantly higher at $48.70 after closing at $44.98, with a last trading price of $49.55 and a notable trading volume of 631,204 shares.
• Analysts are optimistic about the firm, with a consensus rating of “Buy” and target price estimates ranging from $38.00 to $61.00 from various research firms.
• The company announced a quarterly dividend of $0.12 per share, representing a return of 1.0% annually, with a dividend payout ratio of 81.36%.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $44.98, but opened at $48.70. Solaris Energy Infrastructure shares last traded at $49.55, with a volume of 631,204 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SEI. Stifel Nicolaus restated a "buy" rating and issued a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Raymond James Financial reissued an "outperform" rating and set a $38.00 price target (down previously from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday, July 23rd. Northland Securities set a $61.00 target price on Solaris Energy Infrastructure in a report on Thursday. Wall Street Zen raised Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Piper Sandler reduced their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Two 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. Based on data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of "Buy" and a consensus target price of $44.89.

Solaris Energy Infrastructure Stock Up 11.1%

The firm has a 50 day moving average of $33.65 and a two-hundred day moving average of $28.30. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 84.70 and a beta of 1.12. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.08 earnings per share for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. The firm had revenue of $75.02 million for the quarter. As a group, sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Solaris Energy Infrastructure Announces Dividend

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

Insider Transactions at Solaris Energy Infrastructure

In other news, Director Edgar R. Jr. Giesinger sold 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.86, for a total transaction of $288,600.00. Following the sale, the director directly owned 90,956 shares of the company's stock, valued at approximately $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher M. Powell sold 12,750 shares of Solaris Energy Infrastructure 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 sale, the insider owned 130,615 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC acquired a new position in shares of Solaris Energy Infrastructure in the first quarter worth approximately $264,000. GW&K Investment Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $9,437,000. Informed Momentum Co LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $2,458,000. Acuitas Investments LLC acquired a new position in Solaris Energy Infrastructure in the first quarter valued at $3,728,000. Finally, Vanguard Group Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $35,060,000. 67.44% of the stock is owned by institutional investors and hedge funds.

About Solaris Energy Infrastructure

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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