Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives Consensus Recommendation of “Buy” from Brokerages

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $45.00.

SEI has been the topic of a number of recent analyst reports. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price objective on the stock. Northland Securities started coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They set an “outperform” rating and a $37.00 price objective for the company. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Vertical Research began coverage on shares of Solaris Energy Infrastructure in a report on Wednesday. They issued a “buy” rating and a $36.00 target price for the company. Finally, Piper Sandler raised their target price on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $22.68 on Friday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 51.55 and a beta of 1.01. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average price is $20.95 and its 200-day moving average price is $24.40. Solaris Energy Infrastructure has a 12 month low of $10.96 and a 12 month high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 annualized dividend and a yield of 2.12%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 97.96%.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the purchase, the director now directly owns 46,064 shares of the company’s stock, valued at $1,033,215.52. The trade was a 9.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.20% of the stock is owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

A number of large investors have recently made changes to their positions in SEI. Wayfinding Financial LLC bought a new stake in Solaris Energy Infrastructure in the first quarter worth about $29,000. US Bancorp DE purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter worth approximately $38,000. Nisa Investment Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $41,000. Riverview Trust Co purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at $47,000. Finally, California State Teachers Retirement System purchased a new position in Solaris Energy Infrastructure during the 4th quarter valued at $52,000. 67.44% of the stock is currently 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.