Brokerages Set Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) PT at $46.80

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) have been assigned an average rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $46.80.

SEI has been the topic of several research reports. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a “buy” rating and a $57.00 price objective on the stock. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price objective on the stock. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Tuesday, April 22nd. Stifel Nicolaus lifted their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Finally, Piper Sandler lifted their target price on shares of 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

NASDAQ:SEI opened at $22.69 on Friday. The firm’s 50-day moving average is $20.94 and its 200-day moving average is $24.35. Solaris Energy Infrastructure has a 52-week low of $10.96 and a 52-week high of $39.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 51.57 and a beta of 1.01.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.12%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 97.96%.

Insider Activity

In other news, Director Laurie H. Argo purchased 4,000 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth approximately $29,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth approximately $38,000. Nisa Investment Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth approximately $41,000. Riverview Trust Co bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth approximately $47,000. Finally, California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth approximately $52,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.