Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Plans Quarterly Dividend of $0.12

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Tuesday, March 11th will be given a dividend of 0.12 per share on Friday, March 21st. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, March 11th.

Solaris Energy Infrastructure Trading Down 0.1 %

SEI stock traded down $0.05 during midday trading on Thursday, hitting $32.88. 437,290 shares of the company's stock were exchanged, compared to its average volume of 1,043,183. 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 has a 12-month low of $7.97 and a 12-month high of $39.03. The business has a 50 day moving average of $29.25. The firm has a market capitalization of $2.21 billion, a PE ratio of 75.17 and a beta of 1.35.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 price target for the company. Piper Sandler assumed coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an "overweight" rating and a $37.00 price target for the company. Stifel Nicolaus boosted their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a report on Monday. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a report on Tuesday. They issued a "buy" rating and a $57.00 price target for the company. Finally, Pickering Energy Partners upgraded Solaris Energy Infrastructure from a "neutral" rating to an "outperform" rating in a report on Wednesday, November 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $45.75.

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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.