Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up – Still a Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares gapped up prior to trading on Monday . The stock had previously closed at $22.47, but opened at $23.50. Solaris Energy Infrastructure shares last traded at $23.42, with a volume of 60,381 shares trading hands.

Analyst Upgrades and Downgrades

SEI has been the subject of a number of research analyst reports. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Piper Sandler started coverage on Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 price target for the company. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price 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 target price for the company. Finally, 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 research report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Buy” and an average price target of $45.75.

Solaris Energy Infrastructure Stock Performance

The firm’s fifty day moving average price is $27.93. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 53.86 and a beta of 1.32. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Solaris Energy Infrastructure Dividend Announcement

The company 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 2.03%. Solaris Energy Infrastructure’s payout ratio is currently 97.96%.

Insider Activity

In other Solaris Energy Infrastructure news, Director Laurie H. Argo bought 4,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $22.43 per share, with a total value of $89,720.00. Following the completion of the transaction, the director now owns 46,064 shares in the company, valued at $1,033,215.52. The trade was a 9.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 34.71% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

An institutional investor 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 Form 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 owned by institutional investors.

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.