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

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) have earned a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $45.75.

SEI has been the subject of several analyst reports. Janney Montgomery Scott began coverage on 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. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 target price on the stock. Stifel Nicolaus lifted their price target 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. Finally, Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 price objective on the stock.

Solaris Energy Infrastructure Stock Up 4.5 %

NASDAQ:SEI opened at $19.02 on Wednesday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 43.24 and a beta of 1.12. 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 12-month low of $10.96 and a 12-month high of $39.03. The business has a 50-day simple moving average of $24.01.

Solaris Energy Infrastructure Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.52%. Solaris Energy Infrastructure’s payout ratio is 97.96%.

Insider Buying and Selling

In other news, Director Laurie H. Argo acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 $1,033,215.52. This trade represents a 9.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers acquired a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $962,000. GAMMA Investing LLC bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at $435,000. Assenagon Asset Management S.A. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $772,000. Ritholtz Wealth Management bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $2,784,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth $52,000. Institutional investors and hedge funds 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.