Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives $46.80 Average Target Price from Brokerages

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) has earned an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $45.00.

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Northland Securities assumed coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They set an “outperform” rating and a $37.00 target price on the stock. Piper Sandler upped their target price on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Northland Capmk upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd.

Insiders Place Their Bets

In other news, Director Laurie H. Argo acquired 4,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $22.43 per share, with a total value of $89,720.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 21.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Driehaus Capital Management LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at $44,073,000. Vanguard Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at $35,060,000. Westwood Holdings Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at $29,298,000. Brightline Capital Management LLC acquired a new position in Solaris Energy Infrastructure in the first quarter valued at $24,306,000. Finally, Wellington Management Group LLP purchased a new position in Solaris Energy Infrastructure during the first quarter worth about $21,599,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Down 2.6%

NASDAQ SEI opened at $22.68 on Friday. Solaris Energy Infrastructure has a one year low of $10.96 and a one year high of $39.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 51.55 and a beta of 1.01. The company’s 50-day simple moving average is $20.95 and its two-hundred day simple moving average is $24.40.

Solaris Energy Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.12%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 97.96%.

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.