Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives $43.14 Consensus Target Price from Analysts

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) has been given an average recommendation of “Buy” by the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $43.00.

Several analysts have recently weighed in on SEI shares. Northland Capmk raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Tuesday, April 22nd. Piper Sandler increased their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target for the company. Northland Securities assumed coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an “outperform” rating and a $37.00 price target for the company. Finally, Citigroup assumed coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a “buy” rating for the company.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, CEO William A. Zartler purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was bought at an average price of $21.78 per share, with a total value of $217,800.00. Following the transaction, the chief executive officer now directly owns 1,039,227 shares of the company’s stock, valued at approximately $22,634,364.06. This represents a 0.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aj Teague purchased 1,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $26.77 per share, with a total value of $26,770.00. Following the transaction, the director now directly owns 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 12,000 shares of company stock valued at $267,150. Company insiders own 21.20% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Encompass Capital Advisors LLC purchased a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $78,967,000. Driehaus Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $44,073,000. Vanguard Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $35,060,000. Westwood Holdings Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $29,298,000. Finally, Millennium Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $24,335,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $26.48 on Thursday. The firm has a 50 day simple moving average of $22.47 and a 200-day simple moving average of $25.60. Solaris Energy Infrastructure has a 1-year low of $10.96 and a 1-year high of $39.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 60.17 and a beta of 1.11.

Solaris Energy Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.81%. Solaris Energy Infrastructure’s payout ratio is currently 97.96%.

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.