Solaris Energy Infrastructure (NASDAQ:SEI) Trading 8.6% Higher Following Analyst Upgrade

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) rose 8.6% during mid-day trading on Thursday after Piper Sandler raised their price target on the stock from $50.00 to $51.00. Piper Sandler currently has an overweight rating on the stock. Solaris Energy Infrastructure traded as high as $22.66 and last traded at $22.95. Approximately 188,730 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,419,033 shares. The stock had previously closed at $21.14.

Several other research analysts have also issued reports on SEI. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price target on the stock. Northland Securities started coverage on Solaris Energy Infrastructure in a report on Tuesday, April 22nd. They set an “outperform” rating and a $37.00 target price on the stock. Janney Montgomery Scott started coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, Northland Capmk raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Tuesday, April 22nd. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $46.80.

Insider Activity

In related news, Director Laurie H. Argo acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the acquisition, the director now directly owns 46,064 shares in the company, valued at approximately $1,033,215.52. The trade was a 9.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 21.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of large investors have recently added to or reduced their stakes in SEI. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $29,000. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure in the 4th quarter valued at approximately $52,000. Nisa Investment Advisors LLC bought a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $41,000. Riverview Trust Co acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $47,000. Finally, Victory Capital Management Inc. bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $195,000. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Up 1.3 %

The stock’s fifty day moving average price is $22.07 and its 200-day moving average price is $23.84. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 52.82 and a beta of 1.12.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were paid 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 2.07%. Solaris Energy Infrastructure’s payout ratio 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.