Solaris Energy Infrastructure (NYSE:SEI) Trading Up 7.6% - Still a Buy?

Key Points

• Solaris Energy Infrastructure's stock price increased by 7.6% to $33.44 after declining trading volume of 622,302 shares, compared to the average of 1,565,791 shares.
• Wall Street analysts have a consensus rating of "Buy" for SEI, with an average target price of $43.67, influenced by multiple firms raising their price targets recently.
• The company has declared a quarterly dividend of $0.12 per share, resulting in a dividend yield of 1.5%, with a payout ratio of 81.36%.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report)'s stock price rose 7.6% during mid-day trading on Monday . The company traded as high as $33.44 and last traded at $33.44. Approximately 622,302 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,565,791 shares. The stock had previously closed at $31.07.

Wall Street Analysts Forecast Growth

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

Solaris Energy Infrastructure Price Performance

The company has a current ratio of 3.11, a quick ratio of 2.98 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $30.17 and a 200 day simple moving average of $26.26. The stock has a market capitalization of $2.55 billion, a P/E ratio of 64.07 and a beta of 1.15.

Solaris Energy Infrastructure Dividend Announcement

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

Insider Buying and Selling

In other Solaris Energy Infrastructure news, CEO William A. Zartler bought 10,000 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $24.83 per share, with a total value of $248,300.00. Following the completion of the acquisition, the chief executive officer directly owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. The trade was a 0.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher M. Powell sold 12,750 shares of the company's 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 transaction, the insider directly owned 130,615 shares of the company's stock, 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. Corporate insiders own 21.20% of the company's stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in Solaris Energy Infrastructure by 17.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company's stock valued at $62,000 after purchasing an additional 333 shares during the last quarter. Cerity Partners LLC lifted its stake in Solaris Energy Infrastructure by 3.3% in the second quarter. Cerity Partners LLC now owns 12,551 shares of the company's stock valued at $355,000 after purchasing an additional 397 shares during the last quarter. California State Teachers Retirement System lifted its stake in Solaris Energy Infrastructure by 1.4% in the second quarter. California State Teachers Retirement System now owns 32,282 shares of the company's stock valued at $913,000 after purchasing an additional 454 shares during the last quarter. Ballentine Partners LLC lifted its stake in Solaris Energy Infrastructure by 6.0% in the second quarter. Ballentine Partners LLC now owns 10,210 shares of the company's stock valued at $289,000 after purchasing an additional 575 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in Solaris Energy Infrastructure by 20.1% in the second quarter. Ameritas Investment Partners Inc. now owns 3,724 shares of the company's stock valued at $105,000 after purchasing an additional 623 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

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.