Solaris Energy Infrastructure (NYSE:SEI) Hits New 1-Year High – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $52.26 and last traded at $52.02, with a volume of 4841569 shares. The stock had previously closed at $44.98.

Analyst Upgrades and Downgrades

Several research firms have commented on SEI. Piper Sandler lowered their price objective on Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $38.00 price objective (down previously from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd. Citigroup lifted their price objective on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Solaris Energy Infrastructure in a research report on Wednesday, October 8th. Finally, Northland Securities set a $61.00 target price on Solaris Energy Infrastructure in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $47.56.

Solaris Energy Infrastructure Trading Up 15.7%

The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 88.17 and a beta of 1.12. The company’s 50-day moving average price is $34.07 and its 200-day moving average price is $28.50. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.08 earnings per share for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. The firm had revenue of $75.02 million for the quarter. Equities analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 16th. Solaris Energy Infrastructure’s payout ratio is presently 81.36%.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler bought 10,000 shares of the stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of $24.83 per share, with a total value of $248,300.00. Following the purchase, the chief executive officer directly owned 1,049,227 shares in the company, valued at $26,052,306.41. This trade represents a 0.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kyle S. Ramachandran bought 2,000 shares of the stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the purchase, the chief financial officer owned 370,338 shares in the company, valued at $9,258,450. The trade was a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEI. GAMMA Investing LLC purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth $435,000. Rhumbline Advisers acquired a new stake in Solaris Energy Infrastructure during the first quarter worth about $962,000. Assenagon Asset Management S.A. acquired a new stake in Solaris Energy Infrastructure during the first quarter worth about $772,000. Ritholtz Wealth Management acquired a new stake in Solaris Energy Infrastructure during the first quarter worth about $2,784,000. Finally, Acuitas Investments LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $3,728,000. 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.