Solaris Energy Infrastructure (NYSE:SEI) Stock Price Up 7.6% - Should You 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) rose 7.6% during trading on Monday . The company traded as high as $33.44 and last traded at $33.44. Approximately 622,302 shares changed hands 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 research reports. Stifel Nicolaus reiterated a "buy" rating and issued a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Piper Sandler dropped their target price 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. Barclays upped their target price on Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a report on Monday, August 4th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $43.67.

Solaris Energy Infrastructure Trading Up 3.9%

The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 54.73 and a beta of 1.15. The company has a 50 day moving average price of $29.88 and a two-hundred day moving average price of $26.07.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure's payout ratio is presently 81.36%.

Insider Transactions at Solaris Energy Infrastructure

In other news, CEO William A. Zartler purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the transaction, the chief executive officer owned 1,049,227 shares of the company's stock, valued at $26,052,306.41. This trade represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kyle S. Ramachandran purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of $25.00 per share, with a total value of $50,000.00. Following the completion of the transaction, the chief financial officer directly owned 370,338 shares of the company's stock, valued at $9,258,450. This represents a 0.54% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is owned by corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

Several large investors have recently added to or reduced their stakes in SEI. California State Teachers Retirement System purchased a new stake in Solaris Energy Infrastructure in the 4th quarter valued at $52,000. GAMMA Investing LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $435,000. Rhumbline Advisers purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $962,000. Retirement Planning Group LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $802,000. Finally, Riverview Trust Co purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $47,000. 67.44% of the stock is currently 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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