Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Aj Teague Acquires 1,000 Shares

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Director Aj Teague acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the completion of the transaction, the director now directly owns 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aj Teague also recently made the following trade(s):

• On Thursday, May 1st, Aj Teague bought 1,000 shares of Solaris Energy Infrastructure stock. The shares were acquired at an average price of $22.58 per share, with a total value of $22,580.00.

Solaris Energy Infrastructure Trading Up 4.4%

SEI stock traded up $1.19 during mid-day trading on Tuesday, reaching $28.24. The company’s stock had a trading volume of 1,513,328 shares, compared to its average volume of 1,053,174. Solaris Energy Infrastructure, Inc. has a 12 month low of $10.96 and a 12 month high of $39.03. 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 $21.05 and its 200 day moving average price is $25.00. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 64.17 and a beta of 1.01.

Solaris Energy Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.70%. Solaris Energy Infrastructure’s dividend payout ratio is 97.96%.

Analysts Set New Price Targets

SEI has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Piper Sandler upped their target price on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Northland Securities initiated coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They issued an “outperform” rating and a $37.00 price objective for the company. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Northland Capmk raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Buy” and an average price target of $43.14.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several large investors have recently added to or reduced their stakes in the business. Wayfinding Financial LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at $29,000. US Bancorp DE bought a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $38,000. California State Teachers Retirement System purchased a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at $52,000. Nisa Investment Advisors LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $41,000. Finally, Riverview Trust Co purchased a new stake in Solaris Energy Infrastructure in the 1st quarter worth approximately $47,000. 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.