Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives $45.75 Average Target Price from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $44.00.

Several analysts recently weighed in on the stock. Janney Montgomery Scott began coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 target price for the company. Northland Securities began coverage on Solaris Energy Infrastructure in a research note on Tuesday. They set an “outperform” rating and a $37.00 target price on the stock. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price for the company. Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, February 20th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a report on Monday, February 24th.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo purchased 4,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the purchase, the director now directly owns 46,064 shares in the company, valued at approximately $1,033,215.52. This represents a 9.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 21.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Ritholtz Wealth Management acquired a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $2,784,000. Assenagon Asset Management S.A. purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $772,000. Congress Asset Management Co. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $4,379,000. Riverview Trust Co purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $47,000. Finally, Retirement Planning Group LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth $802,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $18.65 on Wednesday. The company’s 50-day moving average is $23.65. The firm has a market capitalization of $1.25 billion, a PE ratio of 42.39 and a beta of 1.12. Solaris Energy Infrastructure has a 1-year low of $10.96 and a 1-year 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.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is presently 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.