Solaris Energy Infrastructure (NYSE:SEI) Trading Down 4.9% - Should You Sell?

Key Points

• Solaris Energy Infrastructure shares fell by 4.9% to a trading price of $30.52, with a significant drop in trading volume, indicating market volatility.
• Recent analyst reports reflect mixed sentiment, with Barclays raising its target price to $44.00, while Raymond James lowered its target price to $38.00, showing varying perspectives on the stock's future performance.
• The company announced a $0.12 quarterly dividend to be paid on September 26th, which represents a 1.5% yield, reflecting a solid commitment to returning value to shareholders despite current stock price fluctuations.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) shares fell 4.9% on Tuesday . The company traded as low as $30.34 and last traded at $30.52. 670,098 shares were traded during mid-day trading, a decline of 57% from the average session volume of 1,576,283 shares. The stock had previously closed at $32.08.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SEI. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 price target (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Piper Sandler reduced their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Northland Securities set a $50.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Raymond James Financial restated an "outperform" rating and issued a $38.00 price objective (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $43.67.

Solaris Energy Infrastructure Trading Up 4.3%

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 business's 50 day moving average price is $30.17 and its 200-day moving average price is $26.26. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 64.07 and a beta of 1.15.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is 81.36%.

Insider Activity

In other Solaris Energy Infrastructure news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the transaction, the director directly owned 90,956 shares in the company, 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 filing with the SEC, which can be accessed through this link. Also, insider Christopher M. Powell sold 12,750 shares of the company's stock in a transaction dated 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 owned 130,615 shares in the company, valued at $3,918,450. The trade was 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 company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEI. Encompass Capital Advisors LLC acquired a new position in Solaris Energy Infrastructure during the first quarter worth about $78,967,000. Driehaus Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $44,073,000. Vanguard Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $35,060,000. Westwood Holdings Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $29,298,000. Finally, Millennium Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $24,335,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.