Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives $45.75 Average Price Target from Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) have earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on 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 firms recently weighed in on SEI. Stifel Nicolaus raised their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Piper Sandler initiated coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price objective for the company. Janney Montgomery Scott initiated coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price objective on the stock. Finally, Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 34.71% of the company’s stock.

Hedge Funds 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 Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,822 shares of the company’s stock, valued at approximately $52,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Performance

SEI stock opened at $23.86 on Friday. Solaris Energy Infrastructure has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. The stock has a market cap of $1.60 billion, a P/E ratio of 54.23 and a beta of 1.32. The stock’s 50 day moving average price is $28.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were paid 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 2.01%. Solaris Energy Infrastructure’s dividend payout ratio is currently 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.