Solaris Energy Infrastructure (NYSE:SEI) Trading Up 7% - Here's Why

Key Points

• Solaris Energy Infrastructure's stock price increased by 7%, reaching up to $43.02, while the trading volume decreased significantly by 62% compared to its average session volume.
• Recent analyst reports led to revised price targets, with Barclays raising their target from $39.00 to $44.00 and Stifel Nicolaus increasing theirs to $45.00.
• The company declared a quarterly dividend of $0.12, resulting in an annualized dividend yield of 1.2%, with a payout ratio currently at 81.36%.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report)'s stock price shot up 7% during mid-day trading on Tuesday . The company traded as high as $43.02 and last traded at $42.75. 622,577 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 1,650,357 shares. The stock had previously closed at $39.94.

Analysts Set New Price Targets

SEI has been the topic of a number of recent analyst reports. Barclays increased their price target 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. Raymond James Financial reaffirmed an "outperform" rating and set a $38.00 target price (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Stifel Nicolaus reissued a "buy" rating and issued a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Piper Sandler dropped 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 report on Wednesday, August 20th. Finally, Northland Securities set a $50.00 price target on Solaris Energy Infrastructure in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $43.67.

Solaris Energy Infrastructure Stock Down 2.4%

The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average price of $30.33 and a 200 day moving average price of $26.37. The company has a market cap of $2.64 billion, a P/E ratio of 66.10 and a beta of 1.15.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 16th. Solaris Energy Infrastructure's dividend payout ratio is presently 81.36%.

Insider Buying and Selling

In related news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.86, for a total value of $288,600.00. Following the completion of the transaction, the director owned 90,956 shares of the company's stock, valued at $2,624,990.16. The trade was a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William A. Zartler bought 10,000 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $24.83 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.20% of the company's stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new position in shares of Solaris Energy Infrastructure in the second quarter valued at approximately $25,000. Strs Ohio purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $28,000. Wayfinding Financial LLC bought a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $29,000. US Bancorp DE bought a new stake in Solaris Energy Infrastructure in the 1st quarter worth $38,000. Finally, California State Teachers Retirement System bought a new position in Solaris Energy Infrastructure during the 4th quarter valued at approximately $52,000. Institutional investors own 67.44% of the company's stock.

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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