Analysts Set Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) PT at $43.14

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) has been assigned a consensus rating of “Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $43.00.

SEI has been the topic of a number of research analyst reports. Northland Securities initiated 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 on the stock. Piper Sandler boosted their price objective 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. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a “buy” rating and a $57.00 target price for the company. Citigroup started coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a “buy” rating for the company. Finally, Northland Capmk upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Tuesday, April 22nd.

Insiders Place Their Bets

In related news, Director Aj Teague purchased 1,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $26.77 per share, for a total transaction of $26,770.00. Following the transaction, the director now directly owns 98,459 shares in the company, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $21.78 per share, with a total value of $217,800.00. Following the transaction, the chief executive officer now owns 1,039,227 shares in the company, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 12,000 shares of company stock worth $267,150. Company insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Retirement Planning Group LLC acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $802,000. Congress Asset Management Co. purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at about $4,379,000. Riverview Trust Co purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at about $47,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at about $7,439,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at about $267,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $26.48 on Thursday. The firm has a market capitalization of $1.79 billion, a PE ratio of 60.17 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. Solaris Energy Infrastructure has a 1-year low of $10.96 and a 1-year high of $39.03. The company’s fifty day moving average price is $22.47 and its 200-day moving average price is $25.60.

Solaris Energy Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be given a $0.12 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.81%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 97.96%.

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.