Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives Consensus Rating of “Buy” from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) have received an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $45.75.

A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target 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 price objective on the stock. Finally, Piper Sandler assumed coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an “overweight” rating and a $37.00 price objective on the stock.

Solaris Energy Infrastructure Trading Down 0.0 %

NASDAQ SEI opened at $22.53 on Friday. The business has a 50 day simple moving average of $28.14. 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 has a 12 month low of $10.96 and a 12 month high of $39.03. The stock has a market cap of $1.51 billion, a PE ratio of 51.20 and a beta of 1.32.

Solaris Energy Infrastructure Announces Dividend

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. This represents a $0.48 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is currently 97.96%.

Insider Activity

In related news, Director Laurie H. Argo bought 4,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 46,064 shares in the company, valued at $1,033,215.52. This trade represents a 9.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 34.71% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A hedge fund recently bought a new stake in Solaris Energy Infrastructure stock. California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,822 shares of the company’s stock, valued at approximately $52,000. Hedge funds and other institutional investors 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.