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

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) have been assigned an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $45.75.

A number of research analysts have commented on the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Piper Sandler assumed coverage on Solaris Energy Infrastructure in a research note on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price target for the company. 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 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Finally, Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock.

Solaris Energy Infrastructure Price Performance

NASDAQ SEI opened at $23.41 on Friday. 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 stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 53.20 and a beta of 1.32. The stock has a 50 day moving average of $27.76. Solaris Energy Infrastructure has a 52-week low of $10.96 and a 52-week high of $39.03.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were issued 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 yield of 2.05%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 97.96%.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo bought 4,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $22.43 per share, with a total value of $89,720.00. Following the acquisition, the director now directly owns 46,064 shares of the company’s stock, valued at $1,033,215.52. This represents a 9.51 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 34.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Solaris Energy Infrastructure stock. California State Teachers Retirement System purchased a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,822 shares of the company’s stock, valued at approximately $52,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.